Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue $6,600,000 Operating income 990,000 Average total assets 5,500,000 Management's target rate of return 16% What is the division's profit margin ratio? OA 120% OB. 15% OC. 667% OD. 18%

Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue $6,600,000 Operating income 990,000 Average total assets 5,500,000 Management's target rate of return 16% What is the division's profit margin ratio? OA 120% OB. 15% OC. 667% OD. 18%

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...

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