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Central Division for Chemical Company has a rate of return on investment of 30% and an investment turnover of 2.03. What is the profit margin?

Central Division for Chemical Company has a rate of return on investment of 30% and an investment turnover of 2.03. What is the profit margin?

a) 22.17%

b) 17.73%

c) 11.82%

d) 14.78%

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