If the profit margin for a division is 11% and the investment turnover is 1.5, the rate of return on investment computed would be 16.5%.

Name: If the profit margin for a division is 11% and the investment turnover is 1.5, the rate of return on investment computed would be 16.5%.
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Quizplus · Accepted Answer

Rate of return on investment can be calculated using the formula: ROI = profit margin x investment turnover. 
Substituting the given values, ROI = 0.11 x 1.5 = 0.165 or 16.5%. Hence, the statement is true.

If the Profit Margin for a Division Is 11% and the Investment