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If Investment Is $300 000,credit Sales Are $800 000 and Cash

Question 39

Multiple Choice

If investment is $300 000,credit sales are $800 000 and cash sales are $300 000,the investment turnover ratio is:

A) 2.67 times.
B) 3.75 times.
C) 3.67 times.
D) 2.72 times.

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