Cabal Products Is a Division of a Major Corporation

question 94

Multiple Choice

Cabal Products is a division of a major corporation. Last year the division had total sales of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000. The company's minimum required rate of return is 14%. The division's turnover is closest to:

• A)2.19
• B)17.24
• C)0.15
• D)2.51