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%