Cabell Products is a division of a major corporation. Last year the division had total sales of $$27,170,000,$ net operating income of $$2,662,660,$ and average operating assets of $$8,151,000.$ The company's minimum

required rate of return is $12\%.$

The division's margin is closest to:

Multiple Choice

$9\mathrm{.}8\%$

$32\mathrm{.}7\%$

$81\mathrm{.}7\%$

$30\mathrm{.}0\%$