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The following information pertains to the Periwinkle Division, which operates as an investment center: Sales $16,000,000 Division income $3,880,000 Return on Investment 12% What were

The following information pertains to the Periwinkle Division, which operates as an investment center:

Sales	$16,000,000
Division income	$3,880,000
Return on Investment	12%

What were Periwinkle Division's net assets?

Select one:

A. $16,000,000

B. $32,333,333

C. $24,000,000

D. $88,888,888

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