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If a company reports profit margin of 31.6% and investment turnover of 1.30 for one...

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Accounting

If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be:

Multiple Choice

  • 32.9%.

  • 24.3%.

  • 30.3%.

  • 41.1%.

  • 4.11%.

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