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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 $17,950,000 $1,005,200 Average operating assets $4,890,000 The division's margin is closest to: A. 20.6% B. 5.6% C. 21.8% D. 27.4%

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: + Sales Net operating income $17,950,000 $1,005,200 Average operating assets $4,890,000 The division's margin is closest to: A. 20.6% B. 5.6% C. 21.8% D. 27.4%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 $17,950,000 $1,005,200 Average operating assets $4,890,000 The division's margin is closest to: A. 20.6% B. 5.6% C. 21.8% D. 27.4%
Transcribed Image Text:Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: + Sales Net operating income $17,950,000 $1,005,200 Average operating assets $4,890,000 The division's margin is closest to: A. 20.6% B. 5.6% C. 21.8% D. 27.4%
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