Selected Financial Data for the Plastic Lumber Company's Outdoor Furniture

question 43

Multiple Choice

Selected financial data for The Plastic Lumber Company's Outdoor Furniture Division is as follows: $\begin{array}{|l|rr|}\hline \text { Sales } & \$ 2,100,000 \\\hline \text { Operating income } & \$ 420,000 \\\hline \text { Total assets } & \$ 1,050,000 \\\hline \text { Current liabilities } & \$ 200,000 \\\hline \text { Target rate of return } & 12 \% \\\hline \text { Weighted average cost of capital } & 10 \% \\\hline\end{array}$

- What is The Plastic Lumber Company's Outdoor Furniture Division sales margin?

• A)9.52%
• B)20.00%
• C)40.00%
• D)200.00%

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Definitions:

Lightning Rods

Metal poles that are generally pointed on one end. They are mounted above the structure that is to be protected from lightning.

Easy Path

A term not specifically defined in technical fields, potentially referring to the path of least resistance in electrical circuits or simplification in problem-solving scenarios.

Current

The flow of electric charge in a conductor, typically measured in amperes.

Lightning Discharges

Sudden electrostatic releases during a thunderstorm, where electrically charged regions in the atmosphere temporarily equalize themselves, causing the instantaneous release of as much as one gigajoule of energy.