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Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,130,000; sales of $4,555,000; cost of
Abbe Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,130,000; sales of $4,555,000; cost of goods sold of $2,580,000; and operating expenses of $1,402,000. Compute the division's return on assets
22.21%.
9.57%.
13.87%.
29.01%.
12.58%.
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