Minar Inc. reported the following results from last year's operations:
At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:

-If the company pursues the investment opportunity and otherwise performs the same as last year,the combined turnover for the entire company will be closest to:
A) 8.03
B) 1.85
C) 2.41
D) 1.46

Question

Minar Inc. reported the following results from last year's operations:
  At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics:
 
-If the company pursues the investment opportunity and otherwise performs the same as last year,the combined turnover for the entire company will be closest to:
A) 8.03 
B) 1.85 
C) 2.41 
D) 1.46

Quizplus · Accepted Answer

Sales = $5,700,000 + $1,530,000 = $7,230,000
Average operating assets = $3,000,000 + $900,000 = $3,900,000
Turnover = Sales ÷ Average operating assets = $7,230,000 ÷ $3,900,000 = 1.85

Minar Inc Reported the Following Results from Last Year's Operations