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The Midwest Division of Transformers, Inc. recorded operating data as follows for the past year: Sales $600,000 Average operating assets 300,000 Stockholders' equity 240,000 Net
The Midwest Division of Transformers, Inc. recorded operating data as follows for the past year: Sales $600,000 Average operating assets 300,000 Stockholders' equity 240,000 Net operating income 75,000 Residual Income 39,000 What was the division's turnover for the past year?
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