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Last Year the Uptown Division of Gorcen Enterprises Had Sales

Question 97

Multiple Choice

Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000. At Uptown the turnover used to calculate ROI last year was:


A) 0.4
B) 2.5
C) 3.2
D) 5.0

Correct Answer:

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