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Paxton Technologies is a division of a larger corporation. Financial data for the past year is as follows: Sales: $18,500,000 Net Operating Income: $1,480,000 Average Operating Assets: $5,500,000. What is the division's margin?

Paxton Technologies is a division of a larger corporation. Financial data for the past year is as follows: Sales: $18,500,000 Net Operating Income: $1,480,000 Average Operating Assets: $5,500,000. What is the division's margin?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...
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What is the division's margin of this financial accounting question?

Paxton Technologies is a division of a larger corporation. Financial data for the past year is as follows: Sales: $18,500,000 Net Operating Income: $1,480,000 Average Operating Assets: $5,500,000. What is the division's margin?
Transcribed Image Text:Paxton Technologies is a division of a larger corporation. Financial data for the past year is as follows: Sales: $18,500,000 Net Operating Income: $1,480,000 Average Operating Assets: $5,500,000. What is the division's margin?
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