A company reported the following financial information for one of its divisions: Profit margin 40%;...

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Accounting

A company reported the following financial information for one of its divisions: Profit margin 40%; investment turnover 2.3; residual income $475000. Management has a hurdle rate of 10% on all investments. What is the company's ROI?
multiple choice
76.00%
92.00%
46.00%
88.00%
47.00%

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