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Tundra Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: |
| Sales | $ | 18,700,000 |
| Net operating income | $ | 5,900,000 |
| Average operating assets | $ | 36,500,000 |
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| Required: | |
| 1. |
Compute the margin for Tundra Services Company. (Round your answer to 2 decimal places.) |
| Margin | % |