$\text { Harstin Corporation has provided the following data for the past year: }$

question 7

Multiple Choice

$\text { Harstin Corporation has provided the following data for the past year: }$
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 625,000 \\\hline \text { Gross Margin } & \$ 70,000 \\\hline \text { Operating Income } & \$ 50,000 \\\hline \text { Shareholders' Equity } & \$ 90,000 \\\hline \text { Average Operating Assets } & \$ 250,000 \\\hline \text { Residual Income } & \$ 20,000\\\hline\end{array}$$\text { Harstin Corporation has provided the following data for the past year: }$
$\begin{array}{|l|r|}\hline \text { Sales } & \$ 625,000 \\\hline \text { Gross Margin } & \$ 70,000 \\\hline \text { Operating Income } & \$ 50,000 \\\hline \text { Shareholders' Equity } & \$ 90,000 \\\hline \text { Average Operating Assets } & \$ 250,000 \\\hline \text { Residual Income } & \$ 20,000\\\hline\end{array}$
-What was the margin for the past year?

• A) 8.0%.
• B) 11.2%.
• C) 14.4%.
• D) 19.2%.

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