Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales	$	36,780,000
Net operating income	$	2,958,960
Average operating assets	$	8,300,000
The company's minimum required rate of return		16	%

The division's margin used to compute ROI is closest to:

Multiple Choice

• 30.6%

• 35.7%

• 22.6%

• 8.0%