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

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Accounting

Cabell Products is a division of a major corporation. Last year the division had total sales of $26,050,000, net operating income of $1,745,350, and average operating assets of $6,512,500. The company's minimum required rate of return is 10%.

The division's margin is closest to:

Multiple Choice

  • 6.7%

  • 26.8%

  • 67.0%

  • 25.0%

Answer & Explanation Solved by verified expert
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