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Coastal Division of Pacific Enterprises reported the following data for the current year: Sales: $18,750,000 Net operating income: $1,420,000 Average operating assets: $6,250,000 The division's turnover is closest to: A. 2.50 B. 3.00 C. 3.25 D. 4.00

Coastal Division of Pacific Enterprises reported the following data for the current year: Sales: $18,750,000 Net operating income: $1,420,000 Average operating assets: $6,250,000 The division's turnover is closest to: A. 2.50 B. 3.00 C. 3.25 D. 4.00

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Coastal Division of Pacific Enterprises reported the following data for the current year: Sales: $18,750,000 Net operating income: $1,420,000 Average operating assets: $6,250,000 The division's turnover is closest to: A. 2.50 B. 3.00 C. 3.25 D. 4.00
Transcribed Image Text:Coastal Division of Pacific Enterprises reported the following data for the current year: Sales: $18,750,000 Net operating income: $1,420,000 Average operating assets: $6,250,000 The division's turnover is closest to: A. 2.50 B. 3.00 C. 3.25 D. 4.00
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