Chavin Company had the following results during August: net operating income, $220,000; turnover, 5; and ROI 25%.Chavin Company's average operating assets were:

A) $880,000
B) $44,000
C) $55,000
D) $1,100,000

Average Operating Assets

The average value of the assets used in the operations of a business over a specific period.

Net Operating Income

The total profit of a company after operating expenses are subtracted from gross profit.

ROI

Return on Investment, a performance measure used to evaluate the efficiency or profitability of an investment relative to its cost.