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Aguilera Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $18,270,000 Net operating income $1,077,930 Average operating

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

Sales $18,270,000
Net operating income $1,077,930
Average operating assets $4,440,000

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

5.90%

24.28%

20.43%

2.90%

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