Question: If sales and average operating assets for year 2 are identical to their values in year 1, yet operating income is higher, year 2 turnover
If sales and average operating assets for year 2 are identical to their values in year 1, yet operating income is higher, year 2 turnover (compared with year 1 turnover) will
a. increase.
b. decrease.
c. stay the same.
d. The direction of change in turnover cannot be determined by this information.
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