When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets.

Name: When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets.
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Quizplus · Accepted Answer

This is the correct formula for calculating the turnover ratio, which is commonly used in ROI calculations. Sales are divided by average operating assets to determine how efficiently a company is using its assets to generate revenue.

When Used in Return on Investment (ROI) Calculations, Turnover Equals