Use this information for ABC Corporation to answer the questions that follow.

ABC Corporation has three service departments with the following costs and activity base:

ABC has three operating divisions, Micro, Macro and Super. Their revenue, cost and activity information is as follows:

-The investment turnover for Mason is
A) 1.08
B) 0.93
C) 6.57
D) 7.07

Question

Use this information for ABC Corporation to answer the questions that follow.
​
ABC Corporation has three service departments with the following costs and activity base:
​
  ABC has three operating divisions, Micro, Macro and Super. Their revenue, cost and activity information is as follows:
​
 
-The investment turnover for Mason is
A) 1.08 
B) 0.93 
C) 6.57 
D) 7.07

Quizplus · Accepted Answer

Investment turnover = Net sales / Average total assets = 1000 / 925 = 1.08

Use This Information for ABC Corporation to Answer the Questions