Division M of Tenist Company has a rate of return on investment of 20% and a profit margin of 13%.What is the investment turnover?
A)3.6
B)1.5
C)5.0
D).7

Name: Division M of Tenist Company has a rate of return on investment of 20% and a profit margin of 13%.What is the investment turnover? A)3.6 B)1.5 C)5.0 D).7
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Question

Quizplus · Accepted Answer

Investment turnover is calculated by dividing the rate of return on investment by the profit margin. Here, 20% / 13% = 1.5.

Division M of Tenist Company Has a Rate of Return