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    Accounting Business Reporting Study Set 1
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    Exam 14: Performance Measurement
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    If an Investment Is $400 000,credit Sales Are $350 000
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If an Investment Is $400 000,credit Sales Are $350 000

Question 55

Question 55

Multiple Choice

If an investment is $400 000,credit sales are $350 000 and cash sales are $200 000,the investment turnover ratio is:


A) 0.73 times.
B) 0.88 times.
C) 1.38 times.
D) 2 times.

Correct Answer:

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