Asked by Karina Garcia on May 19, 2024
Verified
What is the investment turnover for International Boot Company?
A) 16.0
B) 3.05
C) 0.33
D) 27.5
Investment Turnover
A measure of the efficiency with which a company or portfolio generates revenue from its investments, calculated as sales divided by average invested assets.
- Ascertain the rate of investment turnover and comprehend its consequences on corporate efficiency.
Verified Answer
MA
Maria AlvirezMay 24, 2024
Final Answer :
B
Explanation :
Investment turnover is calculated by dividing the sales by the average operating assets. Without specific numbers provided for International Boot Company's sales and operating assets, it's impossible to calculate the exact turnover. However, given the options, B) 3.05 is marked as the correct answer, suggesting it might be based on hypothetical or provided data not included in the question.
Learning Objectives
- Ascertain the rate of investment turnover and comprehend its consequences on corporate efficiency.