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Cabal Products is a division of a major corporation. Last year the division had total sales of $13,143,500, net operating income of $661,540, and average
Cabal Products is a division of a major corporation. Last year the division had total sales of $13,143,500, net operating income of $661,540, and average operating assets of $4,850,000. The company's minimum required rate of return is 13%.
The division's turnover is closest to:
2.39
2.71
17.44
.35
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