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The following information regarding Maven, Inc. is available: Sales $ 1,750,000 Cost of goods sold $ 1,150,000 Operating expenses $ 500,000 Operating income $ 100,000
The following information regarding Maven, Inc. is available:
| Sales | $ | 1,750,000 | ||
| Cost of goods sold | $ | 1,150,000 | ||
| Operating expenses | $ | 500,000 | ||
| Operating income | $ | 100,000 | ||
| Average invested capital | $ | 2,750,000 | ||
What is the capital turnover for Maven, Inc.?
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
