Question

Uvaqil353 is a division of a large corporation. Last year the division had total sales of $20,660,000, net operating income of $1,888,760, and average operating assets of $7,100,000. (ID#77728) Q) What is the Uvaqil353's turnover (closest to)?

Answer 1

2.91

Step-by-step explanation:

Turnover = Total sales / Average operating assets

Turnover = $20,660,000 / $7,100,000

Turnover = 2.909859154929577

Turnover = 2.91

So therefore, Uvaqil353's turnover is closest to 2.91