t26

Cabell Products is a division of a major corporation. Last year the division had total sales of $26,620,000, net operating income of $2,574,320, and average operating assets of $7,300,000. The company's minimum required rate of return is 12%.

The division's turnover is closest to:

Multiple Choice

• 10.34

• 3.65

• 0.35

• 2.94