Consider the following information regarding the operations of Capron Company's South division for last year:

Sales	$	5,000,000
Cost of goods sold		2,200,000
Allocated corporate overhead		300,000
Administrative costs		920,000
General costs		650,000
Tax rate		40	%

What is the division's profit margin ratio?

12.64%None of these.11.16%10.42%12.20%