Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8%
Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8%
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter10: Evaluating Decentralized Operations
Section: Chapter Questions
Problem 4BE: Profit margin, investment turnover, and ROI Briggs Company has operating income of 36,000, invested...
Related questions
Question
The following are selected data for the division for the consumer products of ABC Corp for 2020:
Sales P 10,000,000
Average invested capital 4,000,000
Net Income 400,000
Cost of Capital 8%
What is the asset turn-over ratio for the division?
- .25 times
- 2.5 times
- 8 times
- 10%
Group of answer choices
1
2
3
4
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