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ACME 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

ACME 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 asset turnover is closest to

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