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Flux Capacitor, LLC, a manufacturer of time machines, had the following results during a given month: income, $5,500; investment turnover ratio, 2; and ROI, 40%.
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Flux Capacitor, LLC, a manufacturer of time machines, had the following results during a given month: income, $5,500; investment turnover ratio, 2; and ROI, 40%.
Given the above data, complete the following sentences: (round answers to the nearest penny)
For every $1 of sales dollars generated, Flux Capacitor earned $___ in income.
For every $1 of capital invested, Flux Capacitor generated $____ in sales revenue.
For every $1 of capital invested, Flux Capacitor earned $_____ in income.
The company has invested capital of $_____.
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