Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The division's turnover is closest to:
A)3.82
B)4.26
C)0.12
D)37.04

Question

Quizplus · Accepted Answer

Turnover = Sales F1F1F1S1F1F1F10 Average operating assets = $21,300,000 F1F1F1S1F1F1F10 $5,000,000 = 4.26

Chace Products Is a Division of a Major Corporation