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Kramer Enterprises reported the following financial data for one of its divisions for the year: • average invested assets of $520,000; sales of $980,000; and • income of $115,000. The investment turnover is a) 21.7 b) 49.8 c) 1.88

Kramer Enterprises reported the following financial data for one of its divisions for the year: • average invested assets of $520,000; sales of $980,000; and • income of $115,000. The investment turnover is a) 21.7 b) 49.8 c) 1.88

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Kramer Enterprises reported the following financial data for one of its divisions for the year: • average invested assets of $520,000; sales of $980,000; and • income of $115,000. The investment turnover is a) 21.7 b) 49.8 c) 1.88
Transcribed Image Text:Kramer Enterprises reported the following financial data for one of its divisions for the year: • average invested assets of $520,000; sales of $980,000; and • income of $115,000. The investment turnover is a) 21.7 b) 49.8 c) 1.88
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