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Author Question: The following data relates to the Miracle Corporation and its Toy Division.Toy Division sales ... (Read 113 times)

charchew

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on: Jan 5, 2020
The following data relates to the Miracle Corporation and its Toy Division.

Toy Division sales $8,000,000
Toy Division operating income $480,000
Toy Division total assets $2,000,000
Toy Division current liabilities $600,000
Corporate target rate of return14%
Corporate weighted average cost of capital10%
Corporate effective tax rate30%


What is the Toy Division's profit margin?
◦ 400%
◦ 24%
◦ 30%
◦ 6%
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by charchew on Jan 5, 2020

Silverbeard98

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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charchew

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review

jamesnevil303

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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