Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year 2014. $$\begin{array} { | l | c | c | }
\hline & \text { Agriculture Division } & \text { Industrial Division } \
\hline \text { Sales revenue } & \$ 140,000 & \$ 1,040,000 \
\hline \text { Operating income } & \$ 16,400 & \$ 218,400 \
\hline \text { Average assets } & \$ 300,000 & \$ 5,540,000 \
\hline
\end{array}$$ Calculate the profit margin ratio for the Industrial Division of the company.

Question

Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year 2014. $$\begin{array} { | l | c | c | } 
\hline & \text { Agriculture Division } & \text { Industrial Division } \
\hline \text { Sales revenue } & \$ 140,000 & \$ 1,040,000 \
\hline \text { Operating income } & \$ 16,400 & \$ 218,400 \
\hline \text { Average assets } & \$ 300,000 & \$ 5,540,000 \
\hline
\end{array}$$ Calculate the profit margin ratio for the Industrial Division of the company.

Quizplus · Accepted Answer

The Answer of Huntswell Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year 2014. $$\begin{array} { | l | c | c | } 
\hline & \text { Agriculture Division } & \text { Industrial Division } \
\hline \text { Sales revenue } & \$ 140,000 & \$ 1,040,000 \
\hline \text { Operating income } & \$ 16,400 & \$ 218,400 \
\hline \text { Average assets } & \$ 300,000 & \$ 5,540,000 \
\hline
\end{array}$$ Calculate the profit margin ratio for the Industrial Division of the company.

Huntswell Corporation Has Two Major Divisions: Agricultural Products and Industrial