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t26 Cabell Products is a division of a major corporation. Last year the...

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Accounting

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

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