What is the division's margin of this financial accounting question? Stratford Technologies is a division of a major corporation. Data concerning the mostrecent year appears below:Sales $30,000,000Net Operating Income = $2,400,000Average Operating Assets = $8,000,000The division's margin is:a. 8.0%b. 12.5%c. 10.25%d. 15.0%

Step 1: Define MarginMargin is the ratio of net operating income to sales, expressed as a…

Answered: Stratford Technologies is a division of…

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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Stratford Technologies is a division of a major corporation. Data concerning the most recent year appears below: Sales $30,000,000 Net Operating Income = $2,400,000 Average Operating Assets = $8,000,000 The division's margin is: a. 8.0% b. 12.5% c. 10.25% d. 15.0%