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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: |
10.40%.
18.09%.
11.45%.
24.46%.
7.15%.
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