Cabell Products is a division of a major corporation. Last year the division had total sales of $26,520,000, net operating income of $2,524,320, and average operating assets of $7,200,000. The company's minimum required rate of return is 10%.The division's turnover is closest to:
A. 3.68
B. 0.35
C. 3.51
D. 10.51
Answer: A
Business
You might also like to view...
Mini-Case Question. Determine the required volume if the company's operating income is $20 million
A) 10 million units B) 20 million units C) 25 million units D) 30 million units E) 35 million units
Business
Jewels for the Rich and Famous sells very exclusive jewelry with a minimum price of $25,000 to customers around the world. Speed of delivery to distant markets is a must. Management should use ________ as its main carrier
A) railroads B) air C) trucks D) water E) pipeline
Business
Firms classify the portion of bonds due within the next year as a noncurrent liability
Indicate whether the statement is true or false
Business
Strategic goals are the end in mind of a strategic planning process.
a. True b. False
Business