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The Following Information Pertains to Sanjay Company Invested Capital Is Defined as Total Assets

Question 123

Multiple Choice

The following information pertains to Sanjay Company:
 Total assets $50,000 Total current liabilities $30,000 Total expenses $60,000 Total liabilities $45,000 Total revenues $100,000\begin{array}{ll}\text { Total assets } & \$ 50,000 \\\text { Total current liabilities } & \$ 30,000 \\\text { Total expenses } & \$ 60,000 \\\text { Total liabilities } & \$ 45,000 \\\text { Total revenues } & \$ 100,000\end{array}
Invested capital is defined as total assets.What is the capital turnover?


A) 0.40
B) 0.63
C) 1.79
D) 2.00

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