The following information pertains to Travis Concrete: Sales revenue $2,000,000 700,000 Gross margin Income 100,000 550,000 Invested capital The company's imputed interest rate is 8%. The capital turnover is: Multiple Choice O 2750. 3.64. O 20.00.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter13: Capital Structure Concepts
Section: Chapter Questions
Problem 6P
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The following information pertains to Travis Concrete:
Sales revenue
$2,000,000
Gross margin
700,000
100,000
550,000
Income
Invested capital
The company's imputed interest rate is 8%.
The capital turnover is:
Multiple Choice
27.50.
3.64.
20.00.
Transcribed Image Text:The following information pertains to Travis Concrete: Sales revenue $2,000,000 Gross margin 700,000 100,000 550,000 Income Invested capital The company's imputed interest rate is 8%. The capital turnover is: Multiple Choice 27.50. 3.64. 20.00.
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