(Answered) Problem - assume the residential division of

Accounting

Problem - Assume the Residential Division of Kitridge

Kitridge Faucets had the following results last year:

Net sales $3,060,000

Operating income 765,000

Average total assets 5,100,000

Management's target rate of return 18%

What is the division's profit margin ratio?

A. 25%

B. 60%

C. 400%

D. 15%

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