Question

Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000. The division's turnover is closest to: Multiple Choice 10.42 3.26 2.48 0.31

Answer 1

Answer:

b. 3.26

Explanation:

Division Turnover = Total sales / Average operating assets  

Division Turnover = $19,560,000 / $6,000,000

Division Turnover = 3.26

So, the division's turnover is closest to 3.26 times