FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
The Central Division of Chemical Company has a return on investment of 20% and an investment turnover of 1.95. What is the profit margin? Round the percentage to two decimal places.
a.15.38%
b.12.31%
c.8.21%
d.10.26%
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