What is the divisions asset turnover ratio, Financial Accounting

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What is the divisions asset turnover ratio

Problem

Assume the Residential Division of Krandell Faucets had the following results last year:

Net sales revenue	$6,360,000
Operating income	954,000
Average total assets	5,300,000
Management's target rate of return	13%

What is the division's asset turnover ratio?

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Financial Accounting: What is the divisions asset turnover ratio

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Financial Accounting: What is the divisions asset turnover ratio

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