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Cabal Products is a division of a major corporation. Last year the division had total...

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Accounting

Cabal Products is a division of a major corporation. Last year the division had total sales of $10,400,000, net operating income of $540,800, and average operating assets of $2,392,000. The company's minimum required rate of return is 16%.
The division's margin is closest to:

22.6%

23.0%

32.5%

5.2%

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