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Grove Corp. has revenues of $1,532,000 resulting in an operating Income of $175,000. Average invested assets total $756,000. If sales increase by 10% and the

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Grove Corp. has revenues of $1,532,000 resulting in an operating Income of $175,000. Average invested assets total $756,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover? (Round your intermediate calculations and final answers to 2 decimal places.) Multiple Choice 12.12% 11.42% D 2.23 203

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