Contemporary Auditing
11th Edition
ISBN: 9781305970816
Author: Michael C. Knapp
Publisher: Cengage Learning
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Solve this question financial accounting
Chapter-3: Asset turnover (Accounting)
ABC Industries is a division of a Major
Corporation. Data concerning the most recent
year appears below:
Sales
Net operating income
$17,810,000
$765,830
Average operating assets $5,100,000
The division's turnover is
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