Chace Products Is a Division of a Major Corporation

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 delivery cycle time was:

A) 29.1 hours
B) 30.6 hours
C) 8 hours
D) 2.7 hours