Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000.The investment turnover is:

A) 22.3.
B) 50.5.
C) 1.98.
D) 447.6.
E) 11.3.

Investment Turnover

A measure of a company's efficiency in using its assets to generate sales or revenue; the ratio of net sales to average assets.

Invested Assets

Assets acquired or invested in to generate revenue, growth, and profit for the business.

Financial Data

Quantitative information concerning the financial health, performance, and condition of a business or individual.