Asked by Allison Wagoner on May 20, 2024
Verified
Last year's turnover was closest to:
A) 0.08
B) 0.42
C) 12.50
D) 2.40
Turnover
A metric indicating the rate at which a company's inventory is sold and replaced over a given period.
- Apprehend the idea of turnover concerning investment prospects.
Verified Answer
SM
sarah millerMay 21, 2024
Final Answer :
D
Explanation :
Turnover = Sales ÷ Average operating assets = $12,000,000 ÷ $5,000,000 = 2.40
Learning Objectives
- Apprehend the idea of turnover concerning investment prospects.