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
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
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12PROB
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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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