Question: Q U E S T I 0 N 2 0 . The Holmes Division recorded operating data as follows for the past year: Sales $200,000

Q U E S T I 0 N 2 0 . The Holmes Division recorded operating data as follows for the past year: Sales $200,000 Net operating income $25,000 Average operating assets $ 100.000 Stockholders' equity $80,000 Residual income $13,000 For the past year, the tumover was: N h OIi U'IN

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