Asked by Taylon Boren on May 16, 2024
Verified
The division's turnover is closest to:
A) 3.40
B) 10.75
C) 2.58
D) 0.32
Division's Turnover
The total revenue generated by a specific division of a company within a given period.
- Analyze and review the economic viability and operational activity of potential investments by examining margins and turnovers.
Verified Answer
MG
Manbir GhumanMay 16, 2024
Final Answer :
A
Explanation :
Turnover = Sales ÷ Average operating assets = $17,000,000 ÷ $5,000,000 = 3.4
Learning Objectives
- Analyze and review the economic viability and operational activity of potential investments by examining margins and turnovers.