A company’s division has sales of $6,000,000, income of $240,000, and average assets of $4,800,000. The division’s investment turnover is:
Multiple Choice
0.80.
5.00.
1.25. Correct
4.00.
1.20.
Explanation
Investment turnover = $6,000,000 / $4,800,000 = 1.25
Sunday, 6 November 2022
A company’s division has sales of $6,000,000, income of $240,000, and average assets of $4,800,000. The division’s investment turnover is
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