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Lumber division of Hogan Inc, reported a profit margin of 17% and an investment turnover...

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Accounting

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Lumber division of Hogan Inc, reported a profit margin of 17% and an investment turnover of 1.28. Compute the return on investment for Hogan. (round the percentage to two decimal points. E.g., 10.52%). 7.53% 13.28% 21.76% 12.80%

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