Phoenix Manufacturing is a division of Global Corp. The following financial data is available for the most recent fiscal year: Sales: $15,600,000 Net Operating Income: $1,248,000 Average Operating Assets: $4,500,000 The division's profit margin is: A) 12.5% B) 8.0% C) 9.2% D) 7.5%

Phoenix Manufacturing is a division of Global Corp. The following financial data is available for the most recent fiscal year: Sales: $15,600,000 Net Operating Income: $1,248,000 Average Operating Assets: $4,500,000 The division's profit margin is: A) 12.5% B) 8.0% C) 9.2% D) 7.5%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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Hello tutor please given answer ? General Accounting question?

Phoenix Manufacturing is a division of Global Corp. The following
financial data is available for the most recent fiscal year:
Sales: $15,600,000
Net Operating Income: $1,248,000
Average Operating Assets: $4,500,000
The division's profit margin is:
A) 12.5%
B) 8.0%
C) 9.2%
D) 7.5%

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