Arlington Clothing, Inc., shows the following information for its two divisions for year 1. ...
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Accounting
Arlington Clothing, Inc., shows the following information for its two divisions for year 1.
| Lake Region | Coastal Region | |||||
| Sales revenue | $ | 4,020,000 | $ | 12,930,000 | ||
| Cost of sales | 2,621,300 | 6,465,000 | ||||
| Allocated corporate overhead | 241,200 | 775,800 | ||||
| Other general and administration | 539,900 | 3,741,000 | ||||
Required:
b-1. What are the gross margin and operating margin percentages for both divisions?
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