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%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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%
Transcribed Image Text:Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $17,400,000 $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%
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