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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,570,000 Net operating income $ 860,930

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

Sales $ 17,570,000
Net operating income $ 860,930
Average operating assets $ 4,950,000

The division's margin is closest to:

Multiple Choice

  • 17.4%

  • 4.9%

  • 18.6%

  • 23.5%

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