Question: The Sherlock Division recorded operating data as follows for the past year: Sales $300,000 operating expenses $ 225,000 average operating assets $225,000 Stockholder's equity $80,000

The Sherlock Division recorded operating data as follows for the past year:

Sales $300,000

operating expenses $ 225,000

average operating assets $225,000

Stockholder's equity $80,000

min. required rate of return 20%

For the past year, the turnover was?

0.33.

1.00.

1.33.

2.00.

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