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Dillon requires a minimum return on its investment 0f 25%. Dillon has the following information available for one of its divisions:Average operating assets $4,000,000. Sales
Dillon requires a minimum return on its investment 0f 25%. Dillon has the following information available for one of its divisions:Average operating assets $4,000,000. Sales $4,800,000. Reurn on investment 30%. Based on this information, what is the divisions asset turnover(rounded to two decimal places)?
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