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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $ 6 , 9 0 0

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $

6, 900, 000

; sales of $

8, 675, 000

; cost of goods sold of $

4, 325, 000

; and operating expenses of $

1, 587, 000 .

Compute the division's return on investment:

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