10q-9 Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below.Sales$18,210,000$Net operating incomeAverage operating assets637,350$ 4,250,000The division's margin is closest to:Multiple Choice15.0%3.5%16.2%19.7%

Residulal income = Operating income - Desired income where, Desired income = Operating assets x…

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below. Sales $18,210,000 24 Net operating income Average operating assets 637,350 $ 4,250,000 The division's margin is closest to: Multiple Choice 15.0% 3.5% 16.2% 19.7%

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below. Sales $18,210,000 24 Net operating income Average operating assets 637,350 $ 4,250,000 The division's margin is closest to: Multiple Choice 15.0% 3.5% 16.2% 19.7%

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

10q-9

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

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