Question: Please provide the solution to this general accounting question with accurate financial calculations. Phoenix Division is a segment of Horizon Corporation. The following data are

Please provide the solution to this general accounting question with accurate financial calculations.

Phoenix Division is a segment of Horizon Corporation. The following data are for the most recent year of operations: Sales: $8,640,000 Net operating income: $259,200 Average operating assets: $2,400,000 The company's minimum required rate of return: 12% The division's turnover used to compute ROT is closest to: (a) 0.108 (b) 3.6 (c) 2.78 (d) 4.32

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