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Eckels Wares is a division of a major corporation. The following data are for the latest year of operations: Sales $24,900,000 Net Operating Income $1,319,700

Eckels Wares is a division of a major corporation. The following data are for the latest year of operations:

Sales $24,900,000

Net Operating Income $1,319,700

Operating Assets, 1/1/2012 $6,200,000

Operating Assets, 31/12/2012 $5,800,000

The company

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