Babak Industries Is a Division of a Major Corporation

question 331

Multiple Choice

Babak Industries is a division of a major corporation. Last year the division had total sales of $20,560,000, net operating income of $1,887,760, and average operating assets of $7,000,000.The division's turnover is closest to:

• A) 2.94
• B) 0.27
• C) 2.16
• D) 10.89

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Definitions:

Officers

Individuals appointed to oversee and manage the day-to-day operations and strategic direction of a company.

Policies

Guidelines or principles that direct an entity's decisions and actions in various situations.

Articles of Incorporation

A legal document filed with a government body to legally document the creation of a corporation, outlining its purpose, structure, and other essential details.