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Chavin Company Had the Following Results During August: Net Operating

Question 288

Multiple Choice

Chavin Company had the following results during August: net operating income, $220,000; turnover, 5; and return on investment (ROI) 25%. Chavin Company's average operating assets were:


A) $880,000
B) $44,000
C) $55,000
D) $1,100,000

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