The records of the Furniture Division of Archoo Corporation show the following for last year: Sales Revenue Account receivable $2,160,000 $496,000 Operating Assets (invested capital) $1,620,000 Operating income $864,000 What is the sales margin for the division? a. 0.533. b. 1.333. c. 0.400. d. 0.347.

The records of the Furniture Division of Archoo Corporation show the following for last year: Sales Revenue Account receivable $2,160,000 $496,000 Operating Assets (invested capital) $1,620,000 Operating income $864,000 What is the sales margin for the division? a. 0.533. b. 1.333. c. 0.400. d. 0.347.

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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