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Mason Corporation Had $650,000 in Invested Assets, Sales of $700,000

Question 109

Multiple Choice

Mason Corporation had $650,000 in invested assets, sales of $700,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The investment turnover for Mason is:


A) 1.08
B) .93
C) 6.57
D) 7.07

Correct Answer:

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