Selected Data from Chering Division's Accounting Records Revealed the Following

question 81

Multiple Choice

Selected data from Chering Division's accounting records revealed the following:
$\begin{array}{lcc}\text { Sales } & \$ 825,000 \\\text { Average investment } & \$ 440,000 \\\text { Net operating income } & \$ 66,000 \\\text { Minimum rate of return (divisional cost of capital) } & 14 \%\end{array}$ Chering Division's asset turnover (AT) is calculated to be:

• A)1.070.
• B)1.625.
• C)1.875.
• D)4.270.
• E)12.500.