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26) Cabal Products is a division of a major corporation. Last year the division had total sales of $9,622,400, net operating income of $565,440, and
26) Cabal Products is a division of a major corporation. Last year the division had total sales of $9,622,400, net operating income of $565,440, and average operating assets of $4,960,000. The company's minimum required rate of return is 11%.
The division's turnover is closest to:
1.62
16.67
.58
1.94
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