Justine is the manager of an investment center. Currently, Justine has an ROI of 18%, which is
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Justine is the manager of an investment center. Currently, Justine has an ROI of 18%, which is well above the company's average of 15%. The company desires an ROI of new projects to be 12% to be acceptable. Justine's Operating Income is $100,000, and Sales are $1,000,000.
What is Justine's Asset Turnover (or Investment Turnover)? Round to the nearest 0.1
Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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