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) 0.33
D) 27.5

Name: 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) 0.33 D) 27.5
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Question

Quizplus · Accepted Answer

Investment turnover = sales/invested assets
Investment turnover = $1,525,000/$500,000
Investment turnover = 3.05

The International Boot Company Has Income from Operations of $80,000