the Nova Technologies is a division of a multinational corporation. Last year, division reported total sales of $25,000,000, net operating income of $850,000, and average operating assets of $6,250,000. What is the division's turnover ratio? a) 5.25 b) 3.52 c) 4.00 d) 6.00
the Nova Technologies is a division of a multinational corporation. Last year, division reported total sales of $25,000,000, net operating income of $850,000, and average operating assets of $6,250,000. What is the division's turnover ratio? a) 5.25 b) 3.52 c) 4.00 d) 6.00
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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Nova Technologies is a division of a multinational corporation. Last year,
division reported total sales of $25,000,000, net operating income of $850,000,
and average operating assets of $6,250,000.
What is the division's turnover ratio?
a) 5.25
b) 3.52
c) 4.00
d) 6.00
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