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

Question 100

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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 assets invested $900 Profit margin ? Asset turnover ? ROI ?\begin{array}{|l|r|}\hline {\text { Tim Tom Subsidiary }} \\\hline \text { Total sales } & \$ 1,600 \\\text { Operating income } & \$ 100 \\\text { Average assets invested } & \$ 900 \\\text { Profit margin } & ? \\\text { Asset turnover } & ? \\\text { ROI } & ? \\\hline\end{array}


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

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