Multiple Choice
Division 3 of Baritune Enterprises reported sales of $820,000, NOPAT totaling $61,500, interest expense of $8,000, and invested capital totaling $512,500.Its income tax rate is 30%.As it pertains to evaluating investment centers, how much is Division 3's investment turnover?
A) 1.60
B) 7.50
C) 12.00
D) 0.625
Correct Answer:
Verified
Correct Answer:
Verified
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