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The COB Divison of UIC Co. requires a 10% rate of return. During a recent year COB had sales revenue of $800,000 Sales turnover of

The COB Divison of UIC Co. requires a 10% rate of return. During a recent year COB had sales revenue of $800,000 Sales turnover of 4 and a residual income of $20,000. What was its return on sales? (answer should be a number not percentage) ex: .0837 instead of 8.37%

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