Chace Products Is a Division of a Major Corporation

question 33

Multiple Choice

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company's minimum required rate of return is 12%.
-The delivery cycle time was:

• A)29.1 hours
• B)30.6 hours
• C)8 hours
• D)2.7 hours