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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $17,560,000 $1,071,160 Average operating assets $4,300,000 The division's turnover is closest to: A. 16.39 B. 4.01 C. 0.25 D. 4.08

Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $17,560,000 $1,071,160 Average operating assets $4,300,000 The division's turnover is closest to: A. 16.39 B. 4.01 C. 0.25 D. 4.08

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $17,560,000 $1,071,160 Average operating assets $4,300,000 The division's turnover is closest to: A. 16.39 B. 4.01 C. 0.25 D. 4.08
Transcribed Image Text:Agustin Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales Net operating income $17,560,000 $1,071,160 Average operating assets $4,300,000 The division's turnover is closest to: A. 16.39 B. 4.01 C. 0.25 D. 4.08
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