Henderson Electronics is a division of a major technology corporation. The following data are for the last year of operations: Sale: $22,500,000 Net Operating Income: $675,000 Average Operating Assets: $5,400,000 Min required rate of return: 15% The division's margin is closest to: A) 3.0% B) 12.5% C) 15.6% D) 27.0%

Henderson Electronics is a division of a major technology corporation. The following data are for the last year of operations: Sale: $22,500,000 Net Operating Income: $675,000 Average Operating Assets: $5,400,000 Min required rate of return: 15% The division's margin is closest to: A) 3.0% B) 12.5% C) 15.6% D) 27.0%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter11: Performance Evaluation And Decentralization

Section: Chapter Questions

Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...

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