Henry Products is a division of a major corporation. Last year the division had total sales of $10,333,500, a net operating income of $539,500, and average operating assets of $4,150,000. The company's minimum required rate of return is 13%. The division's turnover is: a. 2.17 b. 17.22 c. 0.13 d. 2.49
Henry Products is a division of a major corporation. Last year the division had total sales of $10,333,500, a net operating income of $539,500, and average operating assets of $4,150,000. The company's minimum required rate of return is 13%. The division's turnover is: a. 2.17 b. 17.22 c. 0.13 d. 2.49
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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Transcribed Image Text:Henry Products is a division of a major corporation. Last year the
division had total sales of $10,333,500, a net operating income of
$539,500, and average operating assets of $4,150,000. The
company's minimum required rate of return is 13%.
The division's turnover is:
a. 2.17
b. 17.22
c. 0.13
d. 2.49
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