Accelerated Logistics Provides the Following Information What Is the Company's Profit Margin Ratio? (Round Your Answer

question 80

Multiple Choice

Accelerated Logistics provides the following information: $$\begin{array} { | l | r | } \hline \text { Operating income } & \$ 1,600,000 \\\hline \text { Net sales } & \$ 14,000,000 \\\hline \text { Average total assets } & \$ 1,900,000 \\\hline \text { Management's target rate of return } & 20 \% \\\hline\end{array}$$ What is the company's profit margin ratio? (Round your answer to two decimal places.)

• A)13.57%
• B)11.43%
• C)84.21%
• D)1.10%

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Definitions:

Importation

The act of bringing goods or services into one country from another country in order to sell them.

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Agricultural producers or farmers who operate within a specific state, often in the context of regulatory or marketing preferences.

Takings Clause

A provision in the Fifth Amendment of the U.S. Constitution that requires the government to provide fair compensation when it takes private property for public use.

Fifth Amendment

An amendment to the US Constitution that provides several rights related to legal proceedings, including the protection against self-incrimination and double jeopardy, and ensures due process of law.