Grove Corp. has revenues of $1,500,000 resulting in an operating income of $105,000. Average invested assets total $750,000. If sales increase by 10% and the investment level remains constant, what is the investment turnover?
A. 2.20
B. 7.7%
C. 7.0%
D. 2.00
Answer: A
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Fill in the blank(s) with correct word
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