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Cabell Products is a division of a major corporation. Last year the dvision had total sales of $26,420,000, net operating Income of $2,474,320, and average
Cabell Products is a division of a major corporation. Last year the dvision had total sales of $26,420,000, net operating Income of $2,474,320, and average operating assets of $7,100,000 The companys minimum required rate of return is 15%.
The dmsions turnover s closest to
A. 3.72
B. 10.68
C. 0.35
D. 2.32
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