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Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The turnover is _____. A)

Average operating assets are $400,000; the minimum rate of return is 5%; operating income is $100,000; and sales are $800,000. The turnover is _____.

A) 12.5%

B) 25%

C) 50%

D) 200%

E) none of the above

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