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Assume the Residential Division of Kipper Faucets had the following results last year: Net sales$4,160,000Operating income1,040,000Average total assets5,200,000Management's target rate of return18% What is the

Assume the Residential Division of

Kipper

Faucets had the following results last year:

Net sales$4,160,000Operating income1,040,000Average total assets5,200,000Management's target rate of return18%

What is the division's asset turnover ratio?

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