Serie Inc. reported the following results from last year's operations: At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics:
Last year's margin was closest to:

Question

Serie Inc. reported the following results from last year's operations:  At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics:
 Last year's margin was closest to:

Quizplus · Accepted Answer

Margin = Net operating income ÷ Sales = $672,000 ÷ $16,800,000 = 4.0%

Serie Inc Reported the Following Results from Last Year's Operations