Beak Industries is a division of a major corporation. Last year the division had total sales of $10,600,000, net operating income of $1,070,600, and average operating assets of $4,000,000.
-The division's turnover is closest to:
A) 2.09
B) 9.90
C) 2.65
D) 0.27

Question

Quizplus · Accepted Answer

Turnover is calculated by dividing the total sales by average operating assets. Therefore, the turnover for Beak Industries is $10,600,000/$4,000,000 = 2.65.

Beak Industries Is a Division of a Major Corporation