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Palm Inc. has a profit margin of 23% and an investment turnover of 4. Sales revenue is $1,624,000. What is the amount of average invested

Palm Inc. has a profit margin of 23% and an investment turnover of 4. Sales revenue is $1,624,000. What is the amount of average invested assets?

A $246,000

B $118,000

C $406,000

D $230,000

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