Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $302,500, and a desired minimum rate of return of 15%. The investment turnover for Chicks is:
A) 50
B) 1.1
C) 3.5
D) 4.2
Answer: B) 1.1
investment turnover = Sales / invested assets
1210000/1100000 = 1.1
Business
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