The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is attempting to recover from a fire that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:

What is the Tiller Division's investment turnover?
A) 1.27
B) 0.79
C) 0.02
D) 0.25

Question

The top management at Groundsource Company, a manufacturer of lawn and garden equipment, is attempting to recover from a fire that destroyed some of their accounting records. The main computer system was also severely damaged. The following information was salvaged:

What is the Tiller Division's investment turnover?

What is the Tiller Division's investment turnover?
A) 1.27 
B) 0.79 
C) 0.02 
D) 0.25

Quizplus · Accepted Answer

Return on Investment = Return on Sales × Investment Turnover
Investment Turnover = Return on Investment / Return on Sales
= 0.11 / 0.14 = 0.79

The Top Management at Groundsource Company, a Manufacturer of Lawn