Asked by Jason Rosete on May 06, 2024
Verified
The division's turnover used to compute ROI is closest to:
A) 4.56
B) 12.99
C) 3.37
D) 0.35
ROI
Return on investment (ROI) measures the gain or loss generated on an investment relative to the amount of money invested.
- Master the approaches for calculating margins and turnovers.
Verified Answer
LH
Layali HassounehMay 10, 2024
Final Answer :
A
Explanation :
Turnover = Sales ÷ Average operating assets
= $36,480,000 ÷ $8,000,000 = 4.56
= $36,480,000 ÷ $8,000,000 = 4.56
Learning Objectives
- Master the approaches for calculating margins and turnovers.