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18 July, 06:53

The managerial accountant at the Frame Shop reported $4,000,000 of operating income and $9,000,000 in sales revenue for the Staple Division. What is the sales margin for the Staple Division?

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  1. 18 July, 06:58
    0
    0.4444

    or

    = 44.44%

    Explanation:

    Data provided in the question:

    Reported operating income = $4,000,000

    Reported sales revenue for the Staple Division = $9,000,000

    Now,

    The sales margin is given as

    = (operating income) : (sales)

    therefore,

    The sales margin for the Staple Division

    = $4,000,000 : $9,000,000

    = 0.4444

    or

    = 0.4444 * 100%

    = 44.44%
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