Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$36,480,000 Net operating income$2,808,960 Average operating assets$8,000,000 The company's minimum required rate of return 16%The division's margin used to compute ROI is closest to:
A. 7.7%
B. 21.9%
C. 35.1%
D. 29.6%
Answer: A
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A) cash budget B) sales budget C) production budget D) budgeted balance sheet
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Answer the following statement true (T) or false (F)