Question

Assume the Residential Division of Kindle Faucets had the following results last year: Net sales revenue Operating income Average total assets Managements target rate of return What is the divisions profit margin ratio? $ 10,200,000 1,020,000 5,100,000 13% OA, 200% O B. 1,000% OC, 20% O D. 10%

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Answer #1

Profit margin ratio=Operating income/Net sales revenue

which is equal to

(1,020,000/10,200,000)

=10%

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