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Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year.

   Agriculture Division   Industrial Division
Net sales   $140,000   $1,250,000
Operating income   $17,600   $218,000
Average assets   $340,000   $5,500,000

Calculate the profit margin for the Industrial Division of the company. (Round your answer to two decimal places.)
A) 17.44%
B) 12.57%
C) 3.96%
D) 5.18%
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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7 years ago
Makes perfect sense, thx
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