Question

Question content area mason corporation had $1,163,000 in invested assets, sales of $1,229,000, operating income amounting to $204,000, and a desired minimum return on investment of 13%. the investment turnover for mason corporation is

Answer 1

The investment turnover for Mason Corporation is approximately 1.06, which is calculated by dividing sales of $1,229,000 by invested assets of $1,163,000.

Step-by-step explanation:

The question seeks to determine the investment turnover for Mason Corporation. Investment turnover is calculated by dividing the sales by the invested assets. Using the provided figures, Mason Corporation's investment turnover is calculated as follows:

Sales: $1,229,000
Invested Assets: $1,163,000
Investment Turnover = Sales / Invested Assets
Investment Turnover = $1,229,000 / $1,163,000
Investment Turnover = approximately 1.06

Thus, the investment turnover for Mason Corporation is roughly 1.06.