Cabell Products is a division of a major corporation. Last year the division had total sales of $12,270,000, net operating income of $834,360, and average operating assets of $3,190,200. The company's minimum required rate of return is 12%.

The division's margin is closest to:

Multiple Choice

• 26.0%

• 6.8%

• 26.2%

• 56.7%