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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,450,000 Net operating income $ 715,450

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:

Sales $ 17,450,000
Net operating income $ 715,450
Average operating assets $ 5,020,000

The division's return on investment (ROI) is closest to:

Multiple Choice

4.10%

14.25%

10.40%

1.10%

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