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Lumber division of Hogan Inc. reported a profit margin of 17% and a return on investment of 21.76%. Compute the investment turnover for Hogan. (round
Lumber division of Hogan Inc. reported a profit margin of 17% and a return on investment of 21.76%.
Compute the investment turnover for Hogan. (round the number to two decimal points. E.g., 2.52).
Group of answer choices
1.28
5.88
0.02
0.78
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