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

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Accounting

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales $17,600,000
Net operating income $886,000
Average operating assets $4,200,000

The division's margin is closest to:

  • 23.9%

  • 21.1%

  • 28.9%

  • 5.0%

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