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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

  • 13.600.

  • 6.393.

  • 2.127.

  • 4.265.

  • 2.040.

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