Use the information below to answer the following question(s):
The following data relates to Logan Electric and its Light Bulb Division.

-What is the Light Bulb Division's asset turnover?
A) 10.0
B) 4.0
C) 2.5
D) 5.5

Question

Use the information below to answer the following question(s):
The following data relates to Logan Electric and its Light Bulb Division.
 
-What is the Light Bulb Division's asset turnover?
A) 10.0 
B) 4.0 
C) 2.5 
D) 5.5

Quizplus · Accepted Answer

C) Capital turnover = Sales/Total assets
= 7,500,000/3,000,000 = 2.5

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