Multiple Choice
A company has revenues of $700,000; invested capital of $3,000,000; total debt of $ 1,500,000 of which it pays 2.5% interest; current,long-term,and other assets totalling $4,000,000; and total expenses of $550,000.What is the company's total asset turnover?
A) 0.1750
B) 0.1833
C) 0.2143
D) 0.3750
Correct Answer:
Verified
Correct Answer:
Verified
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