Use the following information to answer this question: Segment 1: Sales $25,000 Segment Margin $10,000 Average Assets $5,000 The Investment Turnover is? a. 5 b. 40 c. 50
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- Tutor please provide answerSelected data from an investment center of IROL Inc. follow:Sales $8,000,000Net book value of assets, beginning 2,500,000Net book value of assets, ending 2,600,000Net operating income 640,000Minimum rate of return 12%Required1. Calculate return on sales (ROS), asset turnover (AT), and return on investment (ROI).2. Calculate residual income (RI).answer plz