Grove Corp. has revenues of $1,532,000 resulting in an operating income of $182,000. Average invested...
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Grove Corp. has revenues of $1,532,000 resulting in an operating income of $182,000. Average invested assets total $818,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover? (Round your intermediate calculations and final answers to 2 decimal places.)
Multiple Choice
1.87
2.06
11.88%
12.58%
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