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Central Division for Chemical Company has a rate of return on investment of 30% and an investment turnover of 2.03. What is the profit margin?
Central Division for Chemical Company has a rate of return on investment of 30% and an investment turnover of 2.03. What is the profit margin? Round the percentage to two decimal places.
22.17%
17.73%
11.82%
14.78%
The approach that required the transfer price to be less than the market price but greater than the supplying division's variable costs per unit is called the
standard cost approach
cost price approach
negotiated cost approach
market price approach
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