The Baily Division recorded operating data as follows for the past two years:

	Year 1	Year 2
Sales	?	$1,950,000
Stockholders' equity	$615,000	900,000
Average operating assets	$750,000	?
Margin	90%	?
Return on investment	45.00%	25.50%

Baily Division's turnover was exactly the same in both Year 1 and Year 2. The margin in Year 2 was closest to: (Round your intermediate calculation to 2 decimal places.)

51.00%

25.51%

12.75%

45.00%