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Blancher Corporation Had $495,000 in Invested Assets,sales of $660,000,income from Operations

Question 98

Multiple Choice

Blancher Corporation had $495,000 in invested assets,sales of $660,000,income from operations amounting to $99,000,and a desired minimum rate of return of 15%.The investment turnover for Blancher is:


A) 1.20.
B) 1.00.
C) 1.10.
D) 1.33.

Correct Answer:

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