Velaro Industries is a division of a large corporation. The following data is provided for the most recent year: • Sales: $22,800,000 • Net operating income: $1,800,000 • Average operating assets: $6,000,000 What is the division's turnover? A. 3.8 B. 4.2 C. 5.0 D. 3.0

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...
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Velaro Industries is a division of a large corporation. The following data is provided for the most
recent year:
•
Sales: $22,800,000
•
Net operating income: $1,800,000
• Average operating assets: $6,000,000
What is the division's turnover?
A. 3.8
B. 4.2
C. 5.0
D. 3.0
Transcribed Image Text:Velaro Industries is a division of a large corporation. The following data is provided for the most recent year: • Sales: $22,800,000 • Net operating income: $1,800,000 • Average operating assets: $6,000,000 What is the division's turnover? A. 3.8 B. 4.2 C. 5.0 D. 3.0
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