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Regal Company reports the following: Net operating income $ 130,000 Average assets $ 1,000,000 Sales $ 600,000 Operating expenses $ 470,000 What is Regals Margin?

Regal Company reports the following:

Net operating income $ 130,000

Average assets $ 1,000,000

Sales $ 600,000

Operating expenses $ 470,000

What is Regals Margin?

A. 0.217

B. 0.6

C. 0.47

D. 0.277

E. 0.783

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