The Baily Division recorded operating data as follows for the past two years: Baily Division's turnover was exactly the same in both Year 1 and Year 2.
-Sales in Year 1 amounted to:
A)$400,000
B)$900,000
C)$750,000
D)$1,200,000

Question

The Baily Division recorded operating data as follows for the past two years:  Baily Division's turnover was exactly the same in both Year 1 and Year 2.
-Sales in Year 1 amounted to:
A)$400,000 
B)$900,000 
C)$750,000 
D)$1,200,000

Quizplus · Accepted Answer

Turnover = ROI F1F1F1S1F1F1F10 Margin = 22.5% F1F1F1S1F1F1F10 15% = 1.5
Turnover = Sales F1F1F1S1F1F1F10 Average operating assets
Sales = Average operating assets F1F1F1S1F1F1F10 Turnover = $600,000 F1F1F1S1F1F1F10 1.5 = $900,000

The Baily Division Recorded Operating Data as Follows for the Past