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The following information is available for the College Company: Sales for year $5,000,000 Average invested capital for year $2,250,000 Return on investment 15% What is
The following information is available for the College Company:
Sales for year | $5,000,000 |
Average invested capital for year | $2,250,000 |
Return on investment | 15% |
What is the Asset Turnover Ratio?,
A. | 0.15 | |
B. | 1.60 | |
C. | 2.00 | |
D. | 2.22 |
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