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9. Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 17,560,000 Net operating income $
9. Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below:
| Sales | $ | 17,560,000 |
| Net operating income | $ | 1,071,160 |
| Average operating assets | $ | 4,300,000 |
The division's turnover is closest to:
16.39
4.01
0.25
4.08
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Managerial Accounting Tools For Business Decision Making
Authors: Weygandt, Kimmel, Kieso
4th Edition
0470478535, 978-0470478530
