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bernie2981 bernie2981
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8 years ago
The Pasta Division of Whole Grain Corporation had sales of $5,500,000 and operating income of $1,375,000 last year. The total assets of the Pasta Division were $2,750,000, while current liabilities were $330,000. Whole Grain Corporation's target rate of return is 12%, while its weighted average cost of capital is 8%. The effective tax rate for the company is 30%.

What is the Pasta Division's sales margin?
A) 20.00%
B) 50.00%
C) 25.00%
D) 6.00%
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Managerial Accounting

Managerial Accounting


Edition: 4th
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nucleinuclei
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bernie2981 Author
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Wow! Thank you
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Thank you
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Thanks
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Thanks
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