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Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $580,000; sales of $1,040,000; and income

Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $580,000; sales of $1,040,000; and income of $127,920. The investment center profit margin is:

Multiple Choice

  • 22.1%.

  • 55.8%.

  • 179.3%.

  • 453.4%.

  • 12.3%.

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