Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,230,000; sales of

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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,230,000; sales of $4,655,000; cost of goods sold of $2,680,000; and operating expenses of $1,502,000. Compute the division’s return on investment: 

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