Answer:
The question is missing below options:
A.
5.45%
B.
13.43%
C.
12.00%
D.
4.27%
E.12.46%
The correct option is E,12.46%
Explanation:
Profit margin ratio shows the percentage of return on net sales.The formula is given by :
Profit margin ratio=operating income/net sales*100%
For the industrial division, the following details are available:
operating income is $218,000
net sales is $1,750,000
profit margin ratio=$218,000/$1,750,000*100%
profit margin ratio is 12.46%