Mason Corporation had 1110000 in invested assets sales of 12

Mason Corporation had $1,110,000 in invested assets, sales of $1,223,000, income from operations amounting to $203,000, and a desired minimum return of 13%.

Round your answer to two decimal places.

The investment turnover for Mason Corporation is

a.0.88

b.1.65

c.1.10

d.1.32

Solution

Investment turnover = sales/investment

=1223000/1110000

=1.10

Hence the answer is c