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

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Accounting

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%. The division's margin is closest to: 26.2% 23.5% 2.7% 11.5%

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