Multiple Choice
Clydesdale Company has sales of $4,500,000, invested assets of $2,000,000, and operating expenses of $3,600,000. The company has established a minimum return on investment of 7%.
-Clydesdale Company's investment turnover is
A) 1.80
B) 2.25
C) 1.25
D) 1.4
Correct Answer:
Verified
Correct Answer:
Verified
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