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Fanfassy Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,610,000 Net operating income $ 1,021,380

Fanfassy Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales $ 17,610,000
Net operating income $ 1,021,380
Average operating assets $ 4,780,000

The division's margin is closest to:

28.4%

22.6%

21.4%

5.8%

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