Cabell Products is a division of a major corporation. Last year the division had total sales of $25,540,000, net operating income of $1,277,000, and average operating assets of $7,151,200. The company's minimum required rate of return is 16%.The division's margin is closest to:
A. 31.3%
B. 28.0%
C. 17.9%
D. 5.0%
Answer: D
Business
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