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:
A) 36.7%
B) 67.3%
C) 9.6%
D) 4.0%

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:
A) 36.7% 
B) 67.3% 
C) 9.6% 
D) 4.0%

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