Turnover is computed by dividing average operating assets into:

A) invested capital.
B) total assets.
C) sales.
D) net operating income.

Average Operating Assets

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

Turnover

The rate at which inventory is sold and replaced over a period or the rate at which employees leave and are replaced in a business.

Net Operating Income

Represents the profit a company makes from its operational activities after subtracting operating expenses from its operating revenues.