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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

  • 6.343.

  • 1.586.

  • 1.923.

  • 4.420.

  • 12.200.

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