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3 Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net

3

Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $140,000 $1,250,000 Operating income $17,200 $218,000 Average assets $330,000 $56,600,000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.) A. 5.21% B. 0.39% C. 12.29% D. 17.44%

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