Ask Question
5 August, 09:57

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

+1
Answers (1)
  1. 5 August, 10:27
    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.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “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 ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers