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Central Division for Chemical Company has a rate of return on investment of 26% and an investment turnover of 1.71. What is the profit margin?

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Central Division for Chemical Company has a rate of return on investment of 26% and an investment turnover of 1.71. What is the profit margin? Round the percentage to two decimal places. a. 15.20% b. 18.25% c. 22.81% d. 12.16%

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