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kvasek [131]
3 years ago
13

Cabell Products is a division of a major corporation. Last year the division had total sales of $28,540,000, net operating incom

e of $2,597,140, and average operating assets of $5,708,000. The company's minimum required rate of return is 10%. The division's margin is closest to: Multiple Choice 20.0% 45.5% 9.1% 91.0%
Business
1 answer:
natulia [17]3 years ago
3 0

Answer:

9.1%

Explanation:

With regards to the above, margin is computed as;

Margin = (Net operating income ÷ Sales) × 100

Given that:

Net operating income = $2,597,140

Sales = $28,540,000

Margin = ($2,597,140 ÷ $28,540,000) × 100

Margin = 9.1%

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To lean more about Tariffs from the given link.

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