I have two data matrices A and B of similar dimensions. I intend to divide each element of A by its corresponding elements of B<
Yes. You can use logical indexing:
C = zeros(size(A));
t = logical(B);
C(t) = A(t)./B(t);
With logical indexing, only the elements of A, B and C corresponding to true elements of t will be evaluated. t is true only where B is non-zero. Note that C is pre-initialized to zeros to automatically take care of the cases that are not evaluated because B is zero.