A division of Zeta Corp. reported the following financial data for the year: • Average Invested Assets: $550,000 • Sales Revenue: $1,200,000 What is the investment turnover? A. 1.85 B. 2.18 C. 3.05 D. 1.75
A division of Zeta Corp. reported the following financial data for the year: • Average Invested Assets: $550,000 • Sales Revenue: $1,200,000 What is the investment turnover? A. 1.85 B. 2.18 C. 3.05 D. 1.75
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Transcribed Image Text:A division of Zeta Corp. reported the following financial data for
the year:
• Average Invested Assets: $550,000
• Sales Revenue: $1,200,000
What is the investment turnover?
A. 1.85
B. 2.18
C. 3.05
D. 1.75
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