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Compute the Asset Turnover (Rounded to Two Decimal Places) for the Tim

Question 87

Multiple Choice

Compute the asset turnover (rounded to two decimal places) for the Tim Tom investment center as shown below.  Tim Tom Subsidiary  Total sales $1,600 Operating income $100 Average assets invested $900 Profit margin ? Asset turnover ? ROI ?\begin{array}{|l|r|}\hline {\text { Tim Tom Subsidiary }} \\\hline \text { Total sales } & \$ 1,600 \\\text { Operating income } & \$ 100 \\\text { Average assets invested } & \$ 900 \\\text { Profit margin } & ? \\\text { Asset turnover } & ? \\\text { ROI } & ? \\\hline\end{array}


A) 1.78
B) 0.56
C) 0.11
D) 9.00

Correct Answer:

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