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Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 36,480,000 Net operating

Dacker Products is a division of a major corporation. The following data are for the most recent year of operations:

Sales $ 36,480,000
Net operating income $ 2,808,960
Average operating assets $ 8,000,000
The company's minimum required rate of return 16 %

The division's turnover used to compute ROI is closest to:

Multiple Choice

4.56

12.99

3.37

0.35image text in transcribed

Dacker Products is a division of a major corporation. The following data are for the most recent year of Sales Net operating incone $36,480,000 $ 2,808,960 $ 8,000,000 ?128:48) vepany'a mini mus requsired rate of return 5 02.00.09 Average operating assets The division's turnover used to compute ROI is closest to Multiple Choice 12.9 O 337 035

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