Give true answer Aide Industries is a division of a majorcorporation. Data concerning the mostrecent year appears below:SalesNet operating income$17,400,000$870,000Average operating assets $4,000,000The division's margin-is closest to:a. 21.8%b. 5.0%c. 23.0%d. 28.0%

Step 1: Define Profit MarginProfit margin is one of the financial ratios that assess the…

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

Chapter7: Variable Costing For Management analysis

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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 $17,400,000 $870,000 Average operating assets $4,000,000 The division's margin-is closest to: a. 21.8% b. 5.0% c. 23.0% d. 28.0%