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17 The Central Division of Chemical Company has a return on investment of 28% and an...

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The Central Division of Chemical Company has a return on investment of 28% and an investment turnover of 2.46. What is the profit margin? Round the percentage to two decimal places.

a.17.07%

b.11.38%

c.9.11%

d.13.66%

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Answer #1

Margin * turnover = ROI

Margin = ROI/Turnover

= 28/2.46

= 11.38%

Option B

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