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Pantone, Inc. provides the following information regarding its paint division: Profit Margin ratio 7% Net Sales $5,000,000 Minimum Rate of Return for this division 12%

Pantone, Inc. provides the following information regarding its paint division: Profit Margin ratio 7% Net Sales $5,000,000 Minimum Rate of Return for this division 12% Asset Turnover ratio 2 times The return on investment for the paint division is __________%

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