Kurtz Logistics Provides the Following Information What Is the Company's Profit Margin Ratio?
A)13

Multiple Choice

Kurtz Logistics provides the following information: $$\begin{array} { | l | r | } \hline \text { Operating income } & \$ 1,600,000 \\\hline \text { Net sales } & \$ 13,500,000 \\\hline \text { Average total assets } & \$ 1,850,000 \\\hline \text { Management's target rate of return } & 20 \% \\\hline\end{array}$$ What is the company's profit margin ratio?

A) 13.7%
B) 11.9%
C) 86.5%
D) 1.1%