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Davis Corporation reported the following financial data for one of its divisions for the year;...

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Question

Accounting

Davis Corporation reported the following financial data for one of its divisions for the year;

average assets of $540,000; sales of $1,069,200; and income of $241,100.

The investment turnover is:

Multiple Choice

22.3

50.5

1.98

447.6

11.3

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