Question
question 1 the top management at Munchie company a manufacturer of computer games is attempting to recover from a flood which destroyed some of its
question 1
the top management at Munchie company a manufacturer of computer games is attempting to recover from a flood which destroyed some of its accounting records the main computer system was also severely damaged the following information was salvaged :
alpha division beta division gamma division
sales $2500000 (a) $1150000
net operating income $1500000 $650000 $575000
total assets (b) (c) $766667
return on investment .25 .15 (d)
return on sales (e) .10 .50
investment turnover (f) (g) 1.50
what is the beta division investment turnover ?
1-.75
2-1.50
3-.67
4-2.50
5-.50
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