Maindoinvokers assignmentstakeAssi expenses of 43000 and A o

Main.do?invokers assignments&takeAssi; expenses of $43,000, and A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating What is the investment turnover for Division A? Oa. 0.93 Ob. 10.7 Oc. 9.3 O d. 1.07

Solution

Calculation of investment turnover:

Investment turnover= net sales/invested assets

= 140000/150000= 0.93

So correct answer is a)0.93