Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. 40) Data for the year just finished is as follows:

Sales revenue Operating income Average assets Target rate of return

$1,040,000 $220,000 $5,540,000

4.0%

Agriculture Division

$140,000 $16,400 $300,000

Industrial Division

4.0% For the Agricultural Division, how much is the profit margin?

A) 11.4%

B) 10.5%

C) 11.1%

D) 11.7%