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47. Bob's Bait Shop wants to calculate a division's return on investment. The profit from the division equals $10,000. The equity found in the division

47. Bob's Bait Shop wants to calculate a division's return on investment. The profit from the division equals $10,000. The equity found in the division equals $ 50,000. This division has assets equal to $35,000. Calculate the return the division is generating.

A) 143 %

B) 70 %

C) 29 %

D) 20 %

Answer: C Difficulty: Medium

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