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The Sherlock Division recorded operating data as follows for the past year: Sales $300,000 operating expenses $ 225,000 average operating assets $225,000 Stockholder's equity $80,000
The Sherlock Division recorded operating data as follows for the past year:
Sales $300,000
operating expenses $ 225,000
average operating assets $225,000
Stockholder's equity $80,000
min. required rate of return 20%
For the past year, the turnover was?
0.33.
1.00.
1.33.
2.00.
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