Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's margin is closest to: Multiple Choice о 3.5% 19.7% $ 18,210,000 $ 637,350 $ 4,250,000

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income Average operating assets The division's margin is closest to: Multiple Choice о 3.5% 19.7% $ 18,210,000 $ 637,350 $ 4,250,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales
Net operating income
Average operating assets
The division's margin is closest to:
Multiple Choice
O
O
3.5%
19.7%
16.2%
15.0%
$ 18,210,000
$ 637,350
$ 4,250,000

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