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Selected data from Chering Division's accounting records revealed the following: Sales $ 620,160 Average investment $ 291,500 Net operating income $ 45,600 Minimum rate of
Selected data from Chering Division's accounting records revealed the following:
Sales | $ | 620,160 | |
Average investment | $ | 291,500 | |
Net operating income | $ | 45,600 | |
Minimum rate of return (divisional cost of capital) | 15 | % | |
Chering Division's asset turnover (AT) is calculated to be:
Multiple Choice
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13.600.
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6.393.
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2.127.
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4.265.
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2.040.
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