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Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue Operating income $ 16,640,000 1,664,000 5,200,000 Average total assets

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Assume the Residential Division of Kappy Faucets had the following results last year: Net sales revenue Operating income $ 16,640,000 1,664,000 5,200,000 Average total assets Management's target rate of return 16% What is the division's profit margin ratio? O A. 32% OB. 10% O c. 320% OD. 1,000%

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