38 Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year.Agriculture Division Industrial DivisionNet sales$140,000Operating incomeAverage assets$17,600$300,000$1,250,000$218,400$5,500,000Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.)A. 5.87%B. 12.57%C. 3.97%D. 17.47%

Name: 38 Evergreen Corporation has two major divisions: Agricultural Product
Uploaded: 2022-11-04T13:36:07.000Z
Channel: Bartleby
Description: 38 Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year.Agriculture Division Industrial DivisionNet sales$140,000Operating incomeAverage assets$17,600$300,000

The profit margin ratio is calculated as net operating income divided by net sales.

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Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales Operating income Average assets $140,000 $17,600 $300,000 $1,250,000 $218,400 $5,500,000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.) A. 5.87% B. 12.57% C. 3.97% 17.47%