Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $150,000.
-The investment turnover for Division A is
A)0.93
B)9.3
C)1.07
D)10.7

Question

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested assets of $150,000.​
-The investment turnover for Division A is
A)0.93
B)9.3
C)1.07
D)10.7

Quizplus · Accepted Answer

Investment turnover = Sales / Invested assets = $140,000 / $150,000 = 0.93

Division a of Chacha Company Has Sales of $140,000, Cost