Daab Products is a division of a major corporation.The following data are for the most recent year of operations: The division's turnover used to compute ROI is closest to:
A)3.84
B)0.11
C)35.71
D)3.47

Name: Daab Products is a division of a major corporation.The following data are for the most recent year of operations: The division's turnover used to compute ROI is closest to: A)3.84 B)0.11 C)35.71 D)3.47
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Question

Daab Products is a division of a major corporation.The following data are for the most recent year of operations:  The division's turnover used to compute ROI is closest to:
A)3.84 
B)0.11 
C)35.71 
D)3.47

Quizplus · Accepted Answer

Turnover = Sales ÷ Average operating assets
= $11,520,000 ÷ $3,000,000 = 3.84

Daab Products Is a Division of a Major Corporation