If income from operations for a division is $30,000,sales are $243,750,and invested assets are $187,500,the investment turnover is 1.3.

Name: If income from operations for a division is $30,000,sales are $243,750,and invested assets are $187,500,the investment turnover is 1.3.
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Question

Quizplus · Accepted Answer

Investment turnover = Sales / Invested assets
               = $243,750 / $187,500
               = 1.3
Since the investment turnover given in the question matches with the calculated investment turnover, the answer is true.

If Income from Operations for a Division Is $30,000,sales Are