Assume the Residential Division of Kappy Faucets had the following results last year:Net sales revenue$ 6,480,000Operating income2,592,000Average total assets5,400,000Management's target rate of return16%What is the division's profit margin ratio?O A. 250%B. 48%O C. 120%O D. 40% Assume the Residential Division of Kipper Faucets had the following results last year:Net sales revenue$ 10,400,000Operating income1,040,000Average total assets5,200,000Management's target rate of return13%What is the division's ROI?O A. 500%O B. 200%O C. 10%O D. 20%

Ratio analysis is a method of measuring the financial position of the organization with different…

Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue $ 6,480,000 Operating income 2,592,000 Average total assets 5,400,000 Management's target rate of return 16% What is the division's profit margin ratio? O A. 250% O B. 48% O C. 120% O D. 40%

Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue $ 6,480,000 Operating income 2,592,000 Average total assets 5,400,000 Management's target rate of return 16% What is the division's profit margin ratio? O A. 250% O B. 48% O C. 120% O D. 40%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

100%

Assume the Residential Division of Kappy Faucets had the following results last year:
Net sales revenue
$ 6,480,000
Operating income
2,592,000
Average total assets
5,400,000
Management's target rate of return
16%
What is the division's profit margin ratio?
O A. 250%
B. 48%
O C. 120%
O D. 40%

Assume the Residential Division of Kipper Faucets had the following results last year:
Net sales revenue
$ 10,400,000
Operating income
1,040,000
Average total assets
5,200,000
Management's target rate of return
13%
What is the division's ROI?
O A. 500%
O B. 200%
O C. 10%
O D. 20%

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