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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,220,000; sales of $4,645,000; cost of
Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,220,000; sales of $4,645,000; cost of goods sold of $2,670,000; and operating expenses of $1,492,000. Compute the division's return on investment: Multiple Choice 18.09%. 715%. 24.46%. 10.40%. 10.40%. 11.45%
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