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 $ 150 comma 000 $ 1 comma 750 comma 000 Operating income $ 16 comma 000 $ 218 comma 000 Average assets $ 340 comma 000 $ 56 comma 600 comma 000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.)
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