Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below. Sales Net operating income Average operating assets $17,950,000 $ 1,005,200 $ 4,890,000 The division's margin is closest to: Multiple Choice O 20.6% 5.6% 21.8% O 274%
Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below. Sales Net operating income Average operating assets $17,950,000 $ 1,005,200 $ 4,890,000 The division's margin is closest to: Multiple Choice O 20.6% 5.6% 21.8% O 274%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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
$17,950,000
$ 1,005,200
$ 4,890,000
The division's margin is closest to:
Multiple Choice
20.6%
5.6%
21.8%
274%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2c46e7ed-79f3-41a6-b048-89e56a4abc86%2Fbf7f5590-2e07-4cb2-851b-3af50eb64610%2F86sejo_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales
Net operating income
Average operating assets
$17,950,000
$ 1,005,200
$ 4,890,000
The division's margin is closest to:
Multiple Choice
20.6%
5.6%
21.8%
274%
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