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Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000. net operating income of $1,438,280. and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $17,540,000. net operating income of $1,438,280. and average operating assets of $4,735,800. The company's minimum required rate of return is 13%. The division's return on investment (ROI) is closest to
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