Answer the following questions using the information below:
The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:
$$\begin{array} { l r }
\text { Revenues } & \$ 1000000 \
\text { Operating costs } & 600000 \
\text { Taxable income } & 200000 \
\text { Operating assets } & 500000
\end{array}$$ Profit is defined as operating profit.
-What is the Coaxial Cables Division's investment turnover ratio?
A)2.00
B)2.50
C)3.33
D)0.80

Question

Answer the following questions using the information below:
The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:
 $$\begin{array} { l r } 
\text { Revenues } & \$ 1000000 \
\text { Operating costs } & 600000 \
\text { Taxable income } & 200000 \
\text { Operating assets } & 500000
\end{array}$$ Profit is defined as operating profit.
-What is the Coaxial Cables Division's investment turnover ratio?
A)2.00
B)2.50
C)3.33
D)0.80

Quizplus · Accepted Answer

Investment turnover ratio = Revenues / Operating assets = $1,000,000 / $500,000 = 2.00

Answer the Following Questions Using the Information Below: the Echuca

Answer the Following Questions Using the Information Below:
the Echuca