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Oasis Inc. is a division of a large corporation. The division's sales for the year were $19,200,000. The net operating income was $1,280,000, and the average operating assets were $5,000,000. What is the division's turnover? a) 3.84 b) 4.01 c) 3.50 d) 3.40

Oasis Inc. is a division of a large corporation. The division's sales for the year were $19,200,000. The net operating income was $1,280,000, and the average operating assets were $5,000,000. What is the division's turnover? a) 3.84 b) 4.01 c) 3.50 d) 3.40

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
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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What is the division's turnover of this financial accounting question?

Oasis Inc. is a division of a large corporation. The division's sales for the year were $19,200,000. The net operating income was $1,280,000, and the average operating assets were $5,000,000. What is the division's turnover? a) 3.84 b) 4.01 c) 3.50 d) 3.40
Transcribed Image Text:Oasis Inc. is a division of a large corporation. The division's sales for the year were $19,200,000. The net operating income was $1,280,000, and the average operating assets were $5,000,000. What is the division's turnover? a) 3.84 b) 4.01 c) 3.50 d) 3.40
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