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Urgent Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000: sales of $4,525,000; cost
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Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000: sales of $4,525,000; cost of goods sold of $2,550,000, and operating expenses of $1,372,000. Assume a target income of 10% of average invested assets. The investment center profit margin is: 43.6% C 13,3% 197.9% 11.3% Step by Step Solution
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