Last year the Uptown Division of Gorcen Enterprises had sales of $300,000 and a net operating income of $24,000. The average operating assets at Uptown last year amounted to $120,000.
-At Uptown the turnover used to calculate ROI last year was:
A)0.4
B)2.5
C)3.2
D)5.0

Question

Quizplus · Accepted Answer

Turnover is calculated as Sales divided by Average Operating Assets. So, $300,000 / $120,000 = 2.5.

Last Year the Uptown Division of Gorcen Enterprises Had Sales