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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,150,000; sales of $4,575,000; cost of
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,150,000; sales of $4,575,000; cost of goods sold of $2,600,000; and operating expenses of $1,422,000. Compute the division's return on investment:
13.33%
9.03%
21.27%
28.00%
12.09%
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