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Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,650,000; sales of $7,925,000; cost of
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,650,000; sales of $7,925,000; cost of goods sold of $4,075,000; and operating expenses of $1,487,000. Compute the division's return on investment: Multiple Choice 39.5%. 18.8%. 35.5% 28.6%
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