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Required information [The following information applies to the questions displayed below.]...

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Accounting

Required information

[The following information applies to the questions displayed below.]

The following information regarding Mahen, Inc. is available:

Sales $ 1,850,000
Cost of goods sold $ 1,250,000
Operating expenses $ 520,000
Operating income $ 80,000
Average invested capital $ 2,850,000

What is the capital turnover for Mahen, Inc.?

Multiple Choice

  • 2.81%
  • 32.43%
  • 64.91%
  • 4.32%

Answer & Explanation Solved by verified expert
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