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The Following Information Pertains to Saturn Company If Invested Capital Is Defined as Total Assets, the Capital

Question 59

Multiple Choice

The following information pertains to Saturn Company:  Total assets $50,000 Total current liabilities 30,000 Total expenses 60,000 Total liabilities 45,000 Total revenues $80,000\begin{array}{ll}\text { Total assets } & \$ 50,000 \\\text { Total current liabilities } & 30,000 \\\text { Total expenses } & 60,000 \\\text { Total liabilities } & 45,000 \\\text { Total revenues } & \$8 0,000\end{array} If invested capital is defined as total assets, the capital turnover is:


A) 0.633
B) 0.400
C) 1.792
D) 1.600

Correct Answer:

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