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Chavin Company had the following results during August: net operating income, $260,000; turnover, 4; and...

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Accounting

Chavin Company had the following results during August: net operating income, $260,000; turnover, 4; and ROI 22%. Chavin Company's average operating assets were:

Multiple Choice

  • $65,000

  • $57,200

  • $1,181,818

  • $1,040,000

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