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Valley Manufacturing reported sales of $800,000, net operating income of $40,000, and average invested assets of $400,000. Based on this, Valley's investment turnover is:_____
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Valley Manufacturing reported sales of $800,000, net operating income of $40,000, and average invested assets of $400,000. Based on this, Valley's investment turnover is:_____

User Daniel Sellers
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1 Answer

3 votes

Answer:

2

Step-by-step explanation:

Calculation for Valley's investment turnover

Using this formula

Investment turnover=Sales/Average invested assets

Let plug in the formula

Investment turnover=$800,000/$400,000

Investment turnover=2

Therefore Valley's investment turnover is 2

User Ekanna
by
5.1k points
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