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Assume the Residential Division of Kitridge Faucets had the following results last year: Net sales revenue $ 4,160,000 Operating income 832,000 Average total assets 5,200,000
Assume the Residential Division of Kitridge Faucets had the following results last year: Net sales revenue $ 4,160,000 Operating income 832,000 Average total assets 5,200,000 Management's target rate of return 15% What is the division's asset turnover ratio? 0 A. 0.16 O B. 1.25 O C. 0.20 O D. 0.80
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