Correct answer Aide Industries is a division of a major corporation. Dataconcerning the most recent year appears below:SalesNet operating income$18,310,000$920,000Average operating assets $6,300,000The division's margin-is closest to:a. 1.84%b. 7.80%c. 5.02%d. 8.20%

Calculation of Division's MarginDivision's Margin = (Net Operating Income / Sales) x 100…

Answered: Aide Industries is a division of a…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 5E: Service department charges In divisional income statements prepared for Demopolis Company, the...

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Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $18,310,000 $920,000 Average operating assets $6,300,000 The division's margin-is closest to: a. 1.84% b. 7.80% c. 5.02% d. 8.20%