Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $ 150 comma 000 $ 1 comma 750 comma 000 Operating income $ 16 comma 000 $ 218 comma 000 Average assets $ 340 comma 000 $ 56 comma 600 comma 000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.)
Answers (2)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Employees in the united states are comfortable with commission - and incentive-based pay plans, whereas employees in italy and mexico prefer pay plans that are more predictable, like seniority pay.
Answers (2)
By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid Select one: a. the principal-agent problem. b. corporate governance. c. conflict between the CFO and the CEO d.
Answers (1)
Telecommuting is an example of flextime. true or false?
Answers (1)
Periodic Inventory by Three Methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 10 units at $32 Feb. 17 Purchase 15 units at $33 Jul. 21 Purchase 17 units at $34 Nov.
Answers (1)
You are considering the purchase of a common stock that paid a dividend of $2.00 yesterday. You expect this stock to have a growth rate of 15 percent for the next 3 years, resulting in dividends of D1=$2.30, D2=$2.645, and D3=$3.04.
Answers (1)
New Questions in Business
The two basic types of cost accounting systems are: job order and process costing job order and customized product costing process costing and perpetual costing perpetual costing and periodic costing
Answers (1)
What is a major benefit sales people offer to their businesses?
Answers (1)
Gallonte Inc. began operations in April of this year. It makes all sales on account, subject to the following collection pattern: 25% are collected in the month of sale; 55% are collected in the first month after sale;
Answers (1)
At december 1, 2017, nash's trading post, llc accounts receivable balance was $12430. during december, nash's, llc had credit sales of $33300 and collected accounts receivable of $26640. at december 31, 2017, the accounts receivable balance is
Answers (1)
Tyrone is frustrated by having submitted dozens of resumes to tech companies around the pacific northwest, resulting in zero job interviews. he decides to try submitting three resumes as "tyler," and receives two calls from prospective employers.
Answers (1)