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    Business
  3. Study Set
    Managerial Accounting
  4. Exam
    Exam 12: Master Budget and Responsibility Accounting
  5. Question
    Mountain Express,a Clothing Boutique Chain Has an Operating Income of $240,000.The
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Mountain Express,a Clothing Boutique Chain Has an Operating Income of $240,000.The

Question 41

Question 41

Multiple Choice

Mountain Express,a clothing boutique chain has an operating income of $240,000.The sales revenue of the company was calculated to be $960,000.
Required
Compute the operating profit margin.


A) 32%
B) 25%
C) 17%
D) 46%
E) 12%

Correct Answer:

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