Question
The following information pertains to Travis Concrete: Sales revenue $ 1,950,000 Gross margin 690,000 Income 99,000 Invested capital 540,000 The company's imputed interest rate is
The following information pertains to Travis Concrete:
| Sales revenue | $ | 1,950,000 | |
| Gross margin | 690,000 | ||
| Income | 99,000 | ||
| Invested capital | 540,000 | ||
The company's imputed interest rate is 6%.
The capital turnover is:
Multiple Choice
-
27.69.
-
18.33.
-
19.70.
-
3.61.
-
5.45.
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
