Answer:
The investment turnover on one of Kragle Corporation's division operation for the year is 1.90
Step-by-step explanation:
Investment Turnover ratio is calculated by dividing Net sales with the average invested asset. This ratio tells that how much efficiency a company use its resources in revenue generation.
Investment Turnover = Net sales / Average investment assets
Investment Turnover = $930,000 / $470,000
Investment Turnover = 1.90
The investment turnover on one of Kragle Corporation's division operation for the year is 1.90