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If a company reports profit margin of 33.1% and investment turnover of 1.20 for one...

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Question

Accounting

If a company reports profit margin of 33.1% and investment turnover of 1.20 for one of its investment centers, the return on investment must be:

Multiple Choice

27.58%.

39.72%.

34.30%.

31.90%.

3.63%.

Answer & Explanation Solved by verified expert
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