The Electronics Division of Tech Solutions reported these results for the previous year: Net sales: $4,800,000 Operating income: $960,000 Average total assets: $6,400,000 Required rate of return: 20% What is the division's profit margin ratio? A. 15% B. 20% C. 30% D. 40%

The Electronics Division of Tech Solutions reported these results for the previous year: Net sales: $4,800,000 Operating income: $960,000 Average total assets: $6,400,000 Required rate of return: 20% What is the division's profit margin ratio? A. 15% B. 20% C. 30% D. 40%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter11: Performance Evaluation And Decentralization

Section: Chapter Questions

Problem 27E: Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the...

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Kindly help me with accounting questions

The Electronics Division of Tech Solutions reported these results
for the previous year: Net sales: $4,800,000 Operating income:
$960,000 Average total assets: $6,400,000 Required rate of return:
20%
What is the division's profit margin ratio?
A. 15%
B. 20%
C. 30%
D. 40%

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