Ever glow Technologies is a division of a larger corporation. Last year, the division had: • . • • Total Sales = $22,000,000 Net Operating Income = $660,000 Average Operating Assets = $8,000,000 Minimum Required Rate of Return = 9% What is the division's margin, closest to? a. 2.5% b. 3.0% c. 8.25% d. 12.1%

Ever glow Technologies is a division of a larger corporation. Last year, the division had: • . • • Total Sales = $22,000,000 Net Operating Income = $660,000 Average Operating Assets = $8,000,000 Minimum Required Rate of Return = 9% What is the division's margin, closest to? a. 2.5% b. 3.0% c. 8.25% d. 12.1%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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