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:

-The margin for this year's investment opportunity considered alone is closest to:
A) 56.0%
B) 50.0%
C) 6.0%
D) 44.0%

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:
 
-The margin for this year's investment opportunity considered alone is closest to:
A) 56.0% 
B) 50.0% 
C) 6.0% 
D) 44.0%

Quizplus · Accepted Answer

11ea7761_166c_4a07_81a5_dd0bf7fa940f_TB2580_00 Margin = Net operating income ÷ Sales = $151,200 ÷ $2,520,000 = 6.0%

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