Use the information below to answer the following question(s):
Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows:

-What is the Photocopier Division's capital turnover?
A) 3.3
B) 2.5
C) 19.4
D) 1.3

Question

Use the information below to answer the following question(s):
Selected financial data for the Photocopies Division of Elizabeth's Business Machines is as follows:
 
-What is the Photocopier Division's capital turnover?
A) 3.3 
B) 2.5 
C) 19.4 
D) 1.3

Quizplus · Accepted Answer

B) Capital turnover = Sales/Total assets
= 6,800,000/2,720,000 = 2.5

Use the Information Below to Answer the Following Question(s)