Cumberland Beverage Company had the following results for the year just ended:
$\begin{array}{|l|r|}
\hline \text { Operating Income } & \$ 5,500 \
\hline \text { Turnover } & 4 \
\hline \text { Return on Investment } & 25 \% \
\hline
\end{array}$
What were Cumberland Beverage Company's average operating assets during the year?
A) $10,000.
B) $12,500.
C) $22,000.
D) $200,000.

Question

Quizplus · Accepted Answer

The Answer of Cumberland Beverage Company had the following results for the year just ended:
$\begin{array}{|l|r|}
\hline \text { Operating Income } & \$ 5,500 \
\hline \text { Turnover } & 4 \
\hline \text { Return on Investment } & 25 \% \
\hline
\end{array}$
What were Cumberland Beverage Company's average operating assets during the year?
A) $10,000.
B) $12,500.
C) $22,000.
D) $200,000.

Cumberland Beverage Company Had the Following Results for the Year