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Question(s) / Instruction(s):

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

 

  Sales                                                    $18,310,000 

  Net operating income                  $1,171,840 

  Average operating assets           $5,550,000 

 

The divisions margin is closest to:

a)            28.7%

b)            22.3%

c)            21.1%

d)            6.4%

 

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