Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Compute the division's return on investment:
A. 13.3%.
B. 14.7%.
C. 10.4%.
D. 30.3%.
E. 23.6%.
Answer: B
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