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Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,290,000 Net operating income $877,920 Average operating

Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales	$18,290,000
Net operating income	$877,920
Average operating assets	$4,510,000

The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)

4.80%

19.47%

15.62%

1.80%

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