Babak Industries is a division of a major corporation. Last year the division had total sales...

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Question

Babak Industries is a division of a major corporation. Last year the division had total sales...

Babak Industries is a division of a major corporation. Last year the division had total sales of $21,360,000, net operating income of $1,895,760, and average operating assets of $7,800,000.

The division's turnover is closest to:

Multiple Choice

2.74
0.24
1.96
11.27

business accounting

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Answer 1

Answer #1

Answer

Turnover = Total Sales / Average operating assets
= $ 21,360,000 / $ 7,800,000
= 2.74 times
Correct Answer = Option #1: 2.74

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Answer 2

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