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Verdon Company had the following results for the month of August: operating income, $220,000; turnover, 5; and ROI 25%. If Verdon uses average operating assets

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Verdon Company had the following results for the month of August: operating income, $220,000; turnover, 5; and ROI 25%. If Verdon uses average operating assets as the basis for performance measurement, then the firm's average operating assets in August were: $880,000 $44,000 $55,000 $1,100,000 None of the above

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