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Chicks Corporation Had $1,100,000 in Invested Assets, Sales of $1,210,000

Question 121

Multiple Choice

Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, operating income amounting to $302,500, and a desired minimum return on investment of 15%.​
-The investment turnover for Chicks Corporation is


A) 1.3
B) 1.5
C) 1.0
D) 1.1

Correct Answer:

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