Answer ?? Financial accounting question Oceanic Solutions is a division of a large multinationalcorporation. Last year, the division had total sales of$15,000,000, net operating income of $450,000, andaverage operating assets of $4,500,000. The company'sminimum required rate of return is 10%.The division's margin is closest to:a. 3.0%b. 2.5%c. 3.5%d. 4.0%

Step 1: Define MarginMargin refers to the percentage of sales revenue that is converted into net…

Answered: Oceanic Solutions is a division of a…

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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