Estes Company has assembled the following data for its divisions for the past year:
-Division A's sales are:
A)$400,000
B)$625,000
C)$125,000
D)$200,000

Name: Estes Company has assembled the following data for its divisions for the past year: -Division A's sales are: A)$400,000 B)$625,000 C)$125,000 D)$200,000
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Question

Estes Company has assembled the following data for its divisions for the past year:
-Division A's sales are:
A)$400,000 
B)$625,000 
C)$125,000 
D)$200,000

Quizplus · Accepted Answer

Turnover = Sales F1F1F1S1F1F1F10 Average operating assets
Sales = Average operating assets F1F1F1S1F1F1F10 Turnover
= $500,000 F1F1F1S1F1F1F10 1.25 = $625,000

Estes Company Has Assembled the Following Data for Its Divisions