What is the net working capital turnover rate for 2015?
A) 1.16
B) 1.25
C) 2.28
D) 2.34
E) 2.87

Question

What is the net working capital turnover rate for 2015?
A) 1.16 
B) 1.25 
C) 2.28 
D) 2.34 
E) 2.87

Quizplus · Accepted Answer

- Net working capital turnover rate = Revenue / Average net working capital
- Revenue for 2015 = 14,600
- Average net working capital for 2015 = (11ecc0a2_b93c_d88d_868e_5dd9f83c43f0_TB2575_11 + 11eb5b3e_e77b_761d_97f6_05a704be5161_TB2575_00 + 11eb5b3e_e77b_761e_97f6_0d026932f5be_TB2575_00) / 3 = 6,731.67
- Net working capital turnover rate for 2015 = 14,600 / 6,731.67 = 2.17 (rounded to two decimal places)
- The closest answer choice is C, 2.28, which is the best choice.

What Is the Net Working Capital Turnover Rate for 2015