Cabal Products is a division of a major corporation. Last year the division had total sales...
Cabal Products is a division of a major corporation. Last year the division had total sales of $11,815,800, net operating income of $584,924, and average operating assets of $4,190,000. The company's minimum required rate of return is 13%. The division's turnover is closest to: 2.82 .46 2.50 17.55
Homework Answers
division's turnover=Sales/average operating assets
=($11,815,800/$4,190,000)
which is equal to
=2.82
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