Hedding Inc.has two divisions: classic and modern.In the most recent year,the classic division reported sales of $900 000 and an asset turnover of 4.0.The rate of return on average invested assets was 16 per cent.
Required:
What was the classic division's margin?

Question

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The Answer of Hedding Inc.has two divisions: classic and modern.In the most recent year,the classic division reported sales of $900 000 and an asset turnover of 4.0.The rate of return on average invested assets was 16 per cent.
Required:
What was the classic division's margin?