Compute the asset turnover (rounded to two decimal places) for the Tim Tom investment center as shown below. $\begin{array}{ll}
&\text { Tim Tom Subsidiary }\
\text { Total sales } & \$ 1,600 \
\text { Operating income } & \$ 100 \
\text { Average assets invested } & \$ 900 \
\text { Profit margin } & ? \
\text { Asset turnover } & ? \
\text { ROI } & ?
\end{array}$

Question

Quizplus · Accepted Answer

Asset turnover is calculated as Total Sales / Average Assets Invested = $1,600 / $900 = 1.78.

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