Estes Company has assembled the following data for its divisions for the past year:
-Division B's average operating assets is:
A)$81,200
B)$2,080,000
C)$1,333,333
D)$130,000

Question

Estes Company has assembled the following data for its divisions for the past year:
-Division B's average operating assets is:
A)$81,200 
B)$2,080,000 
C)$1,333,333 
D)$130,000

Quizplus · Accepted Answer

Turnover = Sales F1F1F1S1F1F1F10 Average operating assets
Average operating assets = Sales F1F1F1S1F1F1F10 Turnover
= $520,000 F1F1F1S1F1F1F10 4 = $130,000

Estes Company Has Assembled the Following Data for Its Divisions