Asked by Raymonde Armoo (student) on May 17, 2024
Verified
Last year's turnover was closest to:
A) 0.05
B) 2.00
C) 20.00
D) 0.50
Last Year's Turnover
The total sales or revenues generated by a company during the previous year.
- Evaluate the financial performance and trading frequency of investment options by scrutinizing their margins and turnovers.
Verified Answer
DM
deliah mooneyMay 22, 2024
Final Answer :
B
Explanation :
Turnover = Sales ÷ Average operating assets = $14,000,000 ÷ $7,000,000 = 2.00
Learning Objectives
- Evaluate the financial performance and trading frequency of investment options by scrutinizing their margins and turnovers.