Vector Division of a corporation reports: Sales $18,000,000 Net Operating Income = $1,350,000 Average Operating Assets = $5,200,000 What is the division's operating margin? a. 7.5% b. 10.4% c. 6.3% d. 12.0%

Vector Division of a corporation reports: Sales $18,000,000 Net Operating Income = $1,350,000 Average Operating Assets = $5,200,000 What is the division's operating margin? a. 7.5% b. 10.4% c. 6.3% d. 12.0%

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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