Multiple Choice
Grove Corp.has revenues of $1,500,000 resulting in an operating income of $105,000.Average invested assets total $750,000.If sales increase by 10% and the investment level remains constant,what is the investment turnover?
A) 2.00
B) 2.20
C) 7.0%
D) 7.7%
Correct Answer:
Verified
Correct Answer:
Verified
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