• The following are selected data for the division for the consumer products of ABC Corp for 2019: Sales 50,000,000 Average invested capital (assets) 20,000,000 Net income 2,000,000 Cost of capital 8% What is the asset turn-over ratio for the division? 1.0.25 2. 2.5 3. 8 4. 10% O 1 2 3 4-

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...
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• The following are selected data for the division for the consumer products of ABC Corp for
2019:
Sales
50,000,000
Average invested capital (assets)
20,000,000
Net income
2,000,000
Cost of capital
8%
What is the asset turn-over ratio for the division?
1. 0.25
2. 2.5
3. 8
4. 10%
O 1
O 2
O 3
4
Transcribed Image Text:• The following are selected data for the division for the consumer products of ABC Corp for 2019: Sales 50,000,000 Average invested capital (assets) 20,000,000 Net income 2,000,000 Cost of capital 8% What is the asset turn-over ratio for the division? 1. 0.25 2. 2.5 3. 8 4. 10% O 1 O 2 O 3 4
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