Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth? A. 9.2 B. 9.5 C. 9.8 D. 10.2

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12PROB
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Last year, the House of Orange had sales of $826,650,
net operating income of $81,000, and operating assets of
$84,000 at the beginning of the year and $90,000 at the
end of the year. What was the company's turnover
rounded to the nearest tenth?
A. 9.2
B. 9.5
C. 9.8
D. 10.2
Transcribed Image Text:Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover rounded to the nearest tenth? A. 9.2 B. 9.5 C. 9.8 D. 10.2
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