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What is the division asset turnover ratio

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Reference no: EM133095702

Question - Assume the Residential Division of Kitridge Faucets had the following results last year:

Net sales revenue $4,160,000

Operating income 832,000

Average total assets 5,200,000

Management's target rate of return 15%

Required - What is the division's asset turnover ratio?

Reference no: EM133095702

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