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Assume the Air Conditioning division of the General Appliance Corporation had the following results

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Assume the Air Conditioning division of the General Appliance Corporation had the following results

Assume the Air Conditioning division of the General Appliance Corporation had the following results last year (in thousands). Management's target rate of return is 15% and the weighted average cost of capital is 10%. Its effective tax rate is 35%.

Sales   $10,000,000
Operating income    2,000,000
Total assets   2,500000
Current liabilities    820,000

What is the division's sales margin?
A) 80.00%
B) 20.00%
C) 32.80%
D) 400.00%

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Managerial Accounting

Edition: 4^th

Author: Braun

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bernie2981 Author

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8 years ago

Answers my question perfectly.

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