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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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