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Figure 1 The Following Results for the Year Are for the Clark

Question 53

Multiple Choice

Figure 1
The following results for the year are for the Clark Division of First Enterprises:
Clark's average operating assets are £300,000. Clark's minimum required rate of return is 15 percent.
-Refer to Figure 1. Asset turnover for the Clark Division is


A) 66.7%
B) 50.0%
C) 40.0%
D) 20.0%

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