Apex Industries had $2,450,000 in invested assets, sales of $2,940,000, income from operations amounting to $392,000, and a desired minimum return of 10%. The investment turnover for Apex Industries is: a. 0.88 b. 1.20 c. 1.68 d. 0.16

Apex Industries had $2,450,000 in invested assets, sales of $2,940,000, income from operations amounting to $392,000, and a desired minimum return of 10%. The investment turnover for Apex Industries is: a. 0.88 b. 1.20 c. 1.68 d. 0.16

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter9: Responsibility Accounting And Decentralization

Section: Chapter Questions

Problem 3PB: The income statement comparison for Rush Delivery Company shows the income statement for the current...

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Question

100%

The investment turnover for apex industries is.??? Financial accounting

Apex Industries had $2,450,000 in invested assets, sales of
$2,940,000, income from operations amounting to $392,000,
and a desired minimum return of 10%. The investment
turnover for Apex Industries is:
a. 0.88
b. 1.20
c. 1.68
d. 0.16

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