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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $ 18,210,000 Net operating income $ 637,350

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

Sales $ 18,210,000
Net operating income $ 637,350
Average operating assets $ 4,250,000

The division's turnover is closest to:

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