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The Electronics Division of Anton Company Reports the Following Results

question 41

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The Electronics Division of Anton Company reports the following results for the current year:  Revenues $800,000 Operating expenses $656,000 Operating income $144,000 Operating assets $1,200,000\begin{array}{lrl}\text { Revenues } &\$ 800,000 \\\text { Operating expenses } & \$ 656,000 \\\text { Operating income } & \$ 144,000 \\\text { Operating assets } & \$ 1,200,000\end{array}

Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's turnover (asset utilization) is:

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