Huntswell Corporation Has Two Major Divisions: Agricultural Products and Industrial

Multiple Choice

Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products.It provides the following information for the year. $$\begin{array} { | l | r | r | } \hline & \text { Agriculture Division } & \text { Industrial Division } \\\hline \text { Net sales } & \$ 140,000 & \$ 1,250,000 \\\hline \text { Operating income } & \$ 17,600 & \$ 230,000 \\\hline \text { Average assets } & \$ 330,000 & \$ 5,540,000 \\\hline\end{array}$$ Calculate the profit margin for the Industrial Division of the company.(Round your answer to two decimal places.)

A) 4.15%
B) 5.33%
C) 18.40%
D) 12.57%