Carter Company reported the following financial numbers for one of its divisions for the year;...
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Accounting
Carter Company reported the following financial numbers for one of its divisions for the year; average assets of $3,448,000; sales of $4,298,000; cost of goods sold of $1,740,000; and operating expenses of $1,562,000. Compute the division's return on investment(round the answer to 2 decimal places, i.e. 17.52% would be .18:
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