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dmitriy555 [2]
2 years ago
12

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested a

ssets of $150,000. The investment turnover for Division A is:______
a. 10.7
b. 9.3
c. 1.07
d. 0.93
Business
1 answer:
KiRa [710]2 years ago
6 0

Answer:

d. 0.93

Explanation:

Investment turnover is a measurement of how a company is able to generate revenue as a result of using the money invested in the company.

Investment turnover is computed by

= Net sales ÷ Invested assets

Given that;

Sales = $140,000

Invested assets = $150,000

Investment turnover = $140,000 ÷ $150,000

Investment turnover = 0.93

Therefore, investment turnover for Division A is 0.93

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3 years ago
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You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stoc
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