Results from Nedlog Company are as follows: Operating Income $8434 Total Assets $15895 Current Liabilities $3227 Sales $35342 Target Rate of Return (Cost of Capital) 15% Calculate Sales Margin. Round your answer to one decimal place.

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter1: The Role Of Accounting In Business
Section: Chapter Questions
Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...
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Results from Nedlog Company are as follows:
Operating Income $8434
Total Assets $15895
Current Liabilities $3227
Sales $35342
Target Rate of Return (Cost of Capital) 15%
Calculate Sales Margin. Round your answer to one decimal place.
Transcribed Image Text:Results from Nedlog Company are as follows: Operating Income $8434 Total Assets $15895 Current Liabilities $3227 Sales $35342 Target Rate of Return (Cost of Capital) 15% Calculate Sales Margin. Round your answer to one decimal place.
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