Asked by arielis reyes on May 12, 2024

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Braymiller Inc.has a $1,600,000 investment opportunity with the following characteristics: Braymiller Inc.has a $1,600,000 investment opportunity with the following characteristics:   The turnover for this investment opportunity is closest to: A) 0.04 B) 0.40 C) 2.50 D) 25.00 The turnover for this investment opportunity is closest to:

A) 0.04
B) 0.40
C) 2.50
D) 25.00

Turnover

The rate at which inventory or assets are sold and replaced over a certain period of time, indicating the efficiency of sales or the usage of assets.

Investment Opportunity

A potential venture or project that promises returns or profits to the investor.

  • Gain insight into the concept of turnover in the realm of investment opportunities.
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AS
Amanda StoutMay 14, 2024
Final Answer :
C
Explanation :
Turnover = Sales ÷ Average operating assets = $4,000,000 ÷ $1,600,000 = 2.50