Solved

Condor Company Provided the Following Information for Last Year -Refer to the Figure

Question 58

Multiple Choice

Condor Company provided the following information for last year:
 Operating income $60,000 Sales $240,000 Beginning operating assets $440,000 Ending operating assets $450,000\begin{array} { l l } \text { Operating income } & \$ 60,000 \\\text { Sales } & \$ 240,000 \\\text { Beginning operating assets } & \$ 440,000 \\\text { Ending operating assets } & \$ 450,000\end{array}
-Refer to the Figure.What was Condor's turnover ratio last year?


A) 0.10
B) 0.16
C) 0.32
D) 0.54

Correct Answer:

verifed

Verified

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

Related Questions