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Van Bosch inc. is considering selling to a group of new customers that will bring in sales of $20,000 with a return on sales of
Van Bosch inc. is considering selling to a group of new customers that will bring in sales of $20,000 with a return on sales of 7%. The only new investment will be in accounts recelvable. Waldron has a turnover ratio of 4 to 1 between sales and accounts receivable, What is the return on investment? Multiple Choice 7% cannot calculate with the information provided 175 28%
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Introduction to Managerial Accounting
Authors: Peter Brewer, Ray Garrison, Eric Noreen
7th edition
978-0078025792
