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2 January, 11:58

The international boot company has income from operations of $80,000, invested assets of $500,000, and sales of $1,525,000. what is the investment turnover?

a. 16.0

b. 3.05

c. 27.5

d. 0.33

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Answers (1)
  1. 2 January, 13:19
    0
    The formula of the investment turnover is net sales / (capital + outstanding debt). The capital here is the shareholders' equity. Applying the formula, we have 500,000 / 1,525,000 = 0.327, rounding up to 0.33.
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