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Assume the Residential Division of Kipper Faucets had the following results last year: Net sales revenue $ 4,160,000 Operating income 1,040,000 Average total assets 5,200,000
Assume the Residential Division of Kipper Faucets had the following results last year: Net sales revenue $ 4,160,000 Operating income 1,040,000 Average total assets 5,200,000 Management's target rate of return 18% What is the division's asset turnover ratio? O A. 0.20 O B. 0.80 O C. 1.25 O D. 0.25
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