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Holo Company reported the following financial numbers for one of its divisions for the year;...

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Accounting

Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,300,000; sales of $6,875,000; cost of goods sold of $3,725,000; and operating expenses of $1,347,000. Compute the division's return on investment:

  • 21.7%.

  • 32.6%.

  • 28.6%.

  • 26.0%.

  • 19.6%.

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