Accelerated Logistics provides the following information: Operating income $1,600,000 $15,000,000 $1,800,000 Net sales Average total assets Management's target rate of return 25% What is the company's profit margin ratio? (Round your answer to two decimal places.) O A. 12.00% B. 88.89% c. 27.90% D. 10.67%

Accelerated Logistics provides the following information: Operating income $1,600,000 $15,000,000 $1,800,000 Net sales Average total assets Management's target rate of return 25% What is the company's profit margin ratio? (Round your answer to two decimal places.) O A. 12.00% B. 88.89% c. 27.90% D. 10.67%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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