contestada

Valley Manufacturing reported sales of $800,000, net operating income of $40,000, and average invested assets of $400,000. Based on this, Valley's investment turnover is:_____

Respuesta :

abiolataiwo2015

Answer:

2

Explanation:

Calculation for Valley's investment turnover

Using this formula

Investment turnover=Sales/Average invested assets

Let plug in the formula

Investment turnover=$800,000/$400,000

Investment turnover=2

Therefore Valley's investment turnover is 2

Otras preguntas