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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,800,000; sales of $8,375,000; cost of
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,800,000; sales of $8,375,000; cost of goods sold of $4,225,000; and operating expenses of $1,547,000. Compute the division's return on investment: Multiple Choice 42.3%. 18.5%. 38.3%. 31.4%. 35.7%
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