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Ratio Analysis : Academic Response

Dealey Products is a division of a major corporation. The following data are for the last year of operations:

Sales 12,700,000
Net operating income 1,549,400
Average operating assets 5,000,000
The company's minimum required rate of return 10%

Reference: 12-13

The division's turnover is closest to:

2.54
8.20
0.31
1.94

Solution Summary

Solution contains formula and calculation of sales turnover ratio.

$2.19