Yes.
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A fraction is a division problem. The line in a fraction can be thought of as the words "divided by." 3/4 = 3 divided by 4
Division
divisor
-- A fraction is just a shorthand way of writing a division problem. When you see a fraction, it means (the top number) divided by (the bottom number). -- Take the fraction. Set up the division problem, and do the division. -- The answer to the division is the decimal form of the fraction. -- Take the decimal form. Move the decimal point in it two places to the right. Now you have the percent that's equal to the fraction.
The number which is on top of the division problem is the answer, obviously, or the quotient. :) The top number of a fraction is the numerator.