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Dacker Products is a division of a major corporation. The following data are for the most...

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $ 37,380,000
Net operating income $ 3,258,960
Average operating assets $ 8,900,000
The company's minimum required rate of return 16 %

The division's margin used to compute ROI is closest to:

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Answer #1

margin=Net operating income/Sales

=3,258,960/37,380,000

which is equal to

=8.72%(Approx).

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