Hedding Inc

question 44

Essay

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?

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Definitions:

High-Pressure Sales Tactics

Aggressive sales methods used by businesses or salespeople to coerce or persuade customers to purchase products or services immediately.

Vulnerable Consumers

Individuals who are at a higher risk of experiencing harm or unfair treatment in the marketplace due to various factors such as age, physical or mental health, or financial instability.

Technical Data

Information related to the practical application of scientific and engineering knowledge, especially in relation to design, production, and operation.

FTC Act

Legislation established to prevent unfair or deceptive business practices and promote competition by enforcing the provisions of the Federal Trade Commission.