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Selected data from Chering Division's accounting records revealed the following: Sales $ 252,540 Average investment $ 131,300 Net operating income $ 20,700 Minimum rate of
Selected data from Chering Division's accounting records revealed the following:
| Sales | $ | 252,540 | |
| Average investment | $ | 131,300 | |
| Net operating income | $ | 20,700 | |
| Minimum rate of return (divisional cost of capital) | 13 | % | |
Chering Division's asset turnover (AT) is calculated to be:
Multiple Choice
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6.343.
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1.586.
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1.923.
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4.420.
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12.200.
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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
978-0538735452
