Business, 05.05.2020 07:24 mahmudabiazp3ekot

The Pasta Division of Whole Grain Corporation had sales of $6,500,000 and operating income of $2,535,000 last year. The total assets of the Pasta Division were $3,250,000, while current liabilities were $340,000. Whole Grain Corporation's target rate of return is 17%, while its weighted average cost of capital is 15%. The effective tax rate for the company is 35%. What is the Pasta Division's sales margin? 78.00% 32.00% 5.23% 39.00%

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The Pasta Division of Whole Grain Corporation had sales of $6,500,000 and operating income of $2,535...