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Henry Products is a division of a major corporation. Last year the division had total sales of $10,333,500, net operating income of $539,500, and...
Henry Products is a division of a major corporation. Last year the division had total sales of $10,333,500, net operating income of $539,500, and average operating assets of $4,150,000. The company's minimum required rate of return is 13%.
The division's turnover is closest to:
2.17
17.22
.13
2.49