Mason Corporation had $700,000 in invested assets, sales of $750,000, income from operations amounting to $98,000, and the desired rate of return of 14%. What is the investment turnover for Mason?

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Mason Corporation had $700,000 in invested assets, sales
of $750,000, income from operations amounting to
$98,000, and the desired rate of return of 14%. What is the
investment turnover for Mason?
Transcribed Image Text:Mason Corporation had $700,000 in invested assets, sales of $750,000, income from operations amounting to $98,000, and the desired rate of return of 14%. What is the investment turnover for Mason?
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