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Cabal Products Is a Division of a Major Corporation

Question 94

Multiple Choice

Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's turnover is closest to:


A) 2.19
B) 17.24
C) 0.15
D) 2.51

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