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Daab Technologies is a division of a major corporation. The following financial data are for the most recent year of operations: • • • • Sales: $8,250,000 Net Operating Income: $495,000 Average Operating Assets: $2,500,000 Minimum Required Rate of Return: 12% What is the division's turnover used to compute ROI? (a) 3.30 (b) 0.20 (c) 4.75 (d) 2.92

Daab Technologies is a division of a major corporation. The following financial data are for the most recent year of operations: • • • • Sales: $8,250,000 Net Operating Income: $495,000 Average Operating Assets: $2,500,000 Minimum Required Rate of Return: 12% What is the division's turnover used to compute ROI? (a) 3.30 (b) 0.20 (c) 4.75 (d) 2.92

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Daab Technologies is a division of a major corporation. The following financial data are for the most recent year of operations: • • • • Sales: $8,250,000 Net Operating Income: $495,000 Average Operating Assets: $2,500,000 Minimum Required Rate of Return: 12% What is the division's turnover used to compute ROI? (a) 3.30 (b) 0.20 (c) 4.75 (d) 2.92
Transcribed Image Text:Daab Technologies is a division of a major corporation. The following financial data are for the most recent year of operations: • • • • Sales: $8,250,000 Net Operating Income: $495,000 Average Operating Assets: $2,500,000 Minimum Required Rate of Return: 12% What is the division's turnover used to compute ROI? (a) 3.30 (b) 0.20 (c) 4.75 (d) 2.92
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