Reference: 12-05
the Holmes Division Recorded Operating Data as Follows

question 62

Multiple Choice

Reference: 12-05
The Holmes Division recorded operating data as follows for the past year: $$\begin{array} { | l | r | } \hline \text { Sales } & \$ 200,000 \\\hline \text { Net operating income } & 25,000 \\\hline \text { Average operating assets } & 100,000 \\\hline \text { Stockholders' equity } & 80,000 \\\hline \text { Residual income } & 13,000 \\\hline\end{array}$$
-For the past year, the turnover was?

• A)2.
• B)25.
• C)4.
• D)10.

---

Definitions:

Polygamy

A marriage form in which one individual has multiple spouses at the same time; from the Greek words poly ("many") and gamos ("marriage").

Officially Approved

Endorsed or sanctioned by an authoritative body, indicating compliance with established standards or regulations.

Arranged Marriages

Marital unions organized and agreed upon by parties other than those getting married, often involving families and based on considerations beyond personal choice.

India

A country in South Asia, known for its diverse cultures, languages, religions, and historical significance.