(Answered) Problem - selected financial data for the photocopies

Accounting

Problem - Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows:

Sales - $6,800,000

Operating income - $2,040,000

Total assets - $2,720,000

Current liabilities - $350,000

Required rate of return - 13%

Weighted average cost of capital - 8%

What is the Photocopier Division's sales margin?

A) 75%

B) 30%

C) 250%

D) 5.15%

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