Mason Corporation had $650,000 in invested assets, sales of $700,000, operating income amounting to $99,000, and a desired minimum return on investment of 15%.
-The investment turnover for Mason Corporation is
A)1.08
B)0.93
C)6.57
D)7.07

Question

Quizplus · Accepted Answer

Investment turnover is calculated by dividing sales by invested assets. For Mason Corporation, this is $700,000 / $650,000 = 1.08.

Mason Corporation Had $650,000 in Invested Assets, Sales of $700,000