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Urgent Our company reported the following financial numbers for one of its divisions for the year, average total assets of $4,100,000; sales of $4,525,000; cost
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Our company reported the following financial numbers for one of its divisions for the year, average total assets of $4,100,000; sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Assume a target income of 10% of average invested assets. The investment turnover is: C 0.91 o o C 6.80 2.29 Step by Step Solution
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