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Semenov [28]
3 years ago
8

Mason Corporation had $1,150,000 in invested assets, sales of $1,228,000, income from operations amounting to $226,000, and a de

sired minimum rate of return of 12%. Round your answer to two decimal places. The investment turnover for Mason Corporation is a.0.85 b.1.07 c.1.28 d.1.60
Business
1 answer:
ohaa [14]3 years ago
6 0

Answer:

b.1.07

Explanation:

Investment turnover ratio determines the times when the portfolio of investment is sold during a particular period of time e.g Monthly, Annually, etc. The higher turnover results in more commission earned by the broker who is selling the portfolio.

Investment Turnover = Sales / Invested Assets

Investment Turnover = $1,228,000, / $1,150,000

Investment Turnover = 1.067826

Investment Turnover = 1.07 ( Rounded off to 2 decimals places )

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