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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales$18,150,000Net operating income$1,125,300Average operating assets$4,900,000 The division's margin

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

Sales$18,150,000Net operating income$1,125,300Average operating assets$4,900,000

The division's margin is closest to:

a.23.0%

b.6.2%

c.24.2%

d.30.4%

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