Solved

-What Is the Turnover for Company B?
A) 25

Question 31

Multiple Choice

 The following information is available on Company B:  Sales $950,000 Operating Income $56,000 Shareholders’ Equity $100,000 Average Operating Assets $190,000 Minimum Required Rate of Return 20%\begin{array}{l}\text { The following information is available on Company B: }\\\begin{array} { | l | r | } \hline \text { Sales } & \$ 950,000 \\\hline \text { Operating Income } & \$ 56,000 \\\hline \text { Shareholders' Equity } & \$ 100,000 \\\hline \text { Average Operating Assets } & \$ 190,000 \\\hline \text { Minimum Required Rate of Return } & 20 \% \\\hline\end{array}\end{array}
-What is the turnover for Company B?


A) 25.
B) 5.
C) 9.
D) 2.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions