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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

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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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
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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