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Compute the Asset Turnover (Rounded to Two Decimal Places)for the Tim

Question 93

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Compute the asset turnover (rounded to two decimal places) for the Tim Tom investment center as shown below.  Tim Tom subsidiary  Total sales 1,600 Operating income $100 Average as5ets invested $900 Profit marpin  ?  A55et turnever  ?  ROI  ? \begin{array} { l r } & \text { Tim Tom subsidiary } \\\text { Total sales } & 1,600 \\\text { Operating income } & \$ 100\\\text { Average as5ets invested }&\$900 \\\text { Profit marpin } & \text { ? } \\\text { A55et turnever } & \text { ? } \\\text { ROI }& \text { ? } \end{array}


A) 1.78
B) 0.56
C) 0.11
D) 9.00

Correct Answer:

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