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Agustin Industries is a division of a major corporation. Data concerning the most recent year...

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Accounting

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
Sales $ 18,210,000
Net operating income $ 637,350
Average operating assets $ 4,250,000
The division's margin is closest to:
Multiple Choice
15.0%
16.2%
19.7%
3.5%

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