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Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets...

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Accounting

Avocado Company has an operating income of $80,000 on revenues of $1,000,000. Average invested assets are $500,000 and Avocado Company has an 8% cost of capital. What is the investment turnover?

a) 6.25 times

b) 12.50 times

c) 2.00 times

d) 16.00 times

Florida Inc. has revenues of $1,432,600 resulting in an operating income of $200,564. Average invested assets total $377,000; the cost of capital is 17%. The investment turnover is

a) 53.20%

b) 3.80

c) 0.26

d) 14.00%

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