Babak Industries is a division of a major corporation. Last year the division had total sales of $19,560,000, net operating income of $1,877,760, and average operating assets of $6,000,000.The division's turnover is closest to:
A) 3.26
B) 0.31
C) 2.48
D) 10.42

Question

Quizplus · Accepted Answer

The division's turnover is calculated as total sales divided by average operating assets, which is $19,560,000 / $6,000,000 = 3.26.

Babak Industries Is a Division of a Major Corporation