Asked by arielis reyes on May 12, 2024
Verified
Braymiller Inc.has a $1,600,000 investment opportunity with the following characteristics: The turnover for this investment opportunity is closest to:
A) 0.04
B) 0.40
C) 2.50
D) 25.00
Turnover
The rate at which inventory or assets are sold and replaced over a certain period of time, indicating the efficiency of sales or the usage of assets.
Investment Opportunity
A potential venture or project that promises returns or profits to the investor.
- Gain insight into the concept of turnover in the realm of investment opportunities.
Verified Answer
AS
Amanda StoutMay 14, 2024
Final Answer :
C
Explanation :
Turnover = Sales ÷ Average operating assets = $4,000,000 ÷ $1,600,000 = 2.50
Learning Objectives
- Gain insight into the concept of turnover in the realm of investment opportunities.