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Assume the Residential Division of Kappy Faucets had the following results last year: Net sales Operating income Average total assets Management's target rate of return
Assume the Residential Division of Kappy Faucets had the following results last year: Net sales Operating income Average total assets Management's target rate of return $ 4,320,000 1,728,000 5,400,000 18% o What is the division's asset turnover ratio? OA. 0.40 O B. 1.25 O c. 0.32 O D. 0.80
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