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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
0.35
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 035Step by Step Solution
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