Babak Industries is a division of a major corporation. Last year the division had total sales of $20,560,000, net operating income of $1,887,760, and average operating assets of $7,000,000.The division's turnover is closest to:
A) 2.94
B) 0.27
C) 2.16
D) 10.89

Question

Quizplus · Accepted Answer

The division's turnover is calculated as total sales divided by average operating assets. Therefore, turnover = $20,560,000 / $7,000,000 = 2.94.

Babak Industries Is a Division of a Major Corporation