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A company has operating income of​ $300,000, revenues of​ $1,500,000, total assets of​ $2,000,000 and an ROI of​ 15%. To improve the​ ROI, to increase ROI to​ 20%, which of the following investment turnovers would need to be​ achieved? A. .75 B.1.5 C. 2 D.1

A company has operating income of​ $300,000, revenues of​ $1,500,000, total assets of​ $2,000,000 and an ROI of​ 15%. To improve the​ ROI, to increase ROI to​ 20%, which of the following investment turnovers would need to be​ achieved? A. .75 B.1.5 C. 2 D.1

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A company has operating income of​ $300,000, revenues of​ $1,500,000, total assets of​ $2,000,000 and an ROI of​ 15%. To improve the​ ROI, to increase ROI to​ 20%, which of the following investment turnovers would need to be​ achieved?

A. .75

B.1.5

C. 2

D.1

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