1. Hop Corp is a division of a major corporation. The following data are for the latest year of operations:
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3. Sale   $25,000,000 
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5. Net operating income  $1,300,000 
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7. Average operating assets   $6,000,000 
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9. The company’s minimum required rate of return   12%
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12. What is the division's turnover?

Answer rating: 100% (QA)

The turnover of a division is a measure of how efficientl... View the full answer