Blair Inc.had $725,000 in invested assets, sales of $1,100,000, operating income amounting to $72,000, and a minimum acceptable rate of return of 14% on its invested assets.Blair's investment turnover is _____.
A) 1.7
B) 1.3
C) 1.1
D) 1.5

Question

Quizplus · Accepted Answer

Investment turnover = Sales / Invested assets
Investment turnover = $1,100,000 / $725,000
Investment turnover = 1.51
Blair Inc. has an investment turnover of 1.5.

Blair IncHad $725,000 in Invested Assets, Sales of $1,100,000, Operating Income