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Summit Electronics is a division of a major corporation. Data concerning the most recent year appears below: • • Sales $22,500,000 • = Net Operating Income = $1,125,000 Average Operating Assets = $5,000,000 The division's margin is closest to: a. 5.0% b. 4.8% c. 6.0% d. 7.5%

Summit Electronics is a division of a major corporation. Data concerning the most recent year appears below: • • Sales $22,500,000 • = Net Operating Income = $1,125,000 Average Operating Assets = $5,000,000 The division's margin is closest to: a. 5.0% b. 4.8% c. 6.0% d. 7.5%

Survey of Accounting (Accounting I)
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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Summit Electronics is a division of a major corporation. Data concerning the most recent year appears below: • • Sales $22,500,000 • = Net Operating Income = $1,125,000 Average Operating Assets = $5,000,000 The division's margin is closest to: a. 5.0% b. 4.8% c. 6.0% d. 7.5%
Transcribed Image Text:Summit Electronics is a division of a major corporation. Data concerning the most recent year appears below: • • Sales $22,500,000 • = Net Operating Income = $1,125,000 Average Operating Assets = $5,000,000 The division's margin is closest to: a. 5.0% b. 4.8% c. 6.0% d. 7.5%
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