If operating income for a division is $120,000, sales are $975,000, and invested assets are $750,000, the investment turnover would be 6.3.

Name: If operating income for a division is $120,000, sales are $975,000, and invested assets are $750,000, the investment turnover would be 6.3.
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Quizplus · Accepted Answer

Investment turnover is calculated as sales divided by invested assets. Therefore, the investment turnover would be $975,000 / $750,000 = 1.3.

If Operating Income for a Division Is $120,000, Sales Are