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ABC Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 18,080,000 Net operating income $ 940,160

ABC Industries is a division of a major corporation. Data concerning the most recent year appears below:


Sales	$	18,080,000
Net operating income	$	940,160
Average operating assets	$	4,810,000

The division's turnover is closest to:

Multiple Choice

3.76
19.23
5.12
0.20

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