You are given the following data. Sales...................$120,000,000 Invested capital..$ 60,000,000 Net income...........$ 6,000,000 Compute the following: 1.

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You are given the following data.

Sales...................$120,000,000

Invested capital..$ 60,000,000

Net income...........$ 6,000,000

Compute the following:

1. Turnover of capital

2. Return on sales

3. Return on investment (ROI)

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Related Book For answer-question

Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

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Question Posted: Jul 09, 2019 08:10 AM

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You are given the following data. Sales...................$120,000,000 Invested capital..$ 60,000,000 Net income...........$ 6,000,000 Compute the following: 1.

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1 Turnover of capital Sales Invested capital 120000 60000 200 or 20 times ...View the full answer

Management Accounting

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