Compute the asset turnover (rounded to two decimal places)for the Tim Tom investment center as shown below. $$\begin{array} { l r }
& \text { Tim Tom subsidiary } \
\text { Total sales } & 1,600 \
\text { Operating income } & \$ 100\
\text { Average as5ets invested }&\$900 \
\text { Profit marpin } & \text { ? } \
\text { A55et turnever } & \text { ? } \
\text { ROI }& \text { ? }
\end{array}$$

Question

Compute the asset turnover (rounded to two decimal places)for the Tim Tom investment center as shown below. $$\begin{array} { l r } 
& \text { Tim Tom subsidiary } \
\text { Total sales } & 1,600  \
\text { Operating income } & \$ 100\
\text { Average as5ets invested }&\$900 \
\text { Profit marpin } & \text { ? } \
\text { A55et turnever } & \text { ? } \
\text { ROI }& \text { ? } 
\end{array}$$

Quizplus · Accepted Answer

Asset turnover = Total sales / Average assets invested= 1,600 / 900= 1.78

Compute the Asset Turnover (Rounded to Two Decimal Places)for the Tim