Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:The Eastern Division of Summit Industries recorded the following operating
data for the most recent fiscal year:
Sales: $1,250,000 Net operating income: $187,500 Average operating assets:
$625,000 Stockholders' equity: $500,000
What was the margin for the Eastern Division during this period?
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