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28 April, 15:14

Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment turnover is:

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  1. 28 April, 17:17
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    The investment turnover on one of Kragle Corporation's division operation for the year is 1.90

    Explanation:

    Investment Turnover ratio is calculated by dividing Net sales with the average invested asset. This ratio tells that how much efficiency a company use its resources in revenue generation.

    Investment Turnover = Net sales / Average investment assets

    Investment Turnover = $930,000 / $470,000

    Investment Turnover = 1.90

    The investment turnover on one of Kragle Corporation's division operation for the year is 1.90
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