Chapter 9 Decentralized performance evaluation Copr. Goedl/S…
Chapter 9 Decentralized performance evaluation Copr. Goedl/StricklandBelow is the financial data for Goedl and Strickland, Inc. for the most recent fiscal year. The company paid dividends of $197,250 last year. The company’s minimum required rate of return is 15%. Calculate the profit margin ratio.