Multiple Choice
Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The division's turnover is closest to:
A) 3.82
B) 4.26
C) 0.12
D) 37.04
Correct Answer:
Verified
Correct Answer:
Verified
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