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5 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
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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: 3.82 4.26 0.12 37.04Step by Step Solution
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