Breton Corporation's Longboat division's segment margin as a percentage of net sales is 12% for the current reporting period.The division has net sales revenue of $2,500,000.Operating assets were $800,000 at the beginning of the period and $1,200,000 at the end.What is the division's asset turnover?
A) 2.08
B) 2.8
C) 2.5
D) 3.13

Question

Quizplus · Accepted Answer

$2,500,000 ÷ [$800,000 + $1,200,000 ÷2] = 2.5

Breton Corporation's Longboat Division's Segment Margin as a Percentage of Net