the assets turn over ration is 10. the following statement is true

a.

each dollar invested as an asset generates $10 as revenues

b.

no statement reflect the right meaning

c.

each dollar as revenue generates $10 as income

d.

each dollar invested as an asset generates $10 as income

X Co. has the following information:

Sale $ 1,200,000

Cost of sales $800,000

Operating expenses $200,000

interest expense $ 20,000

Tax $ 10,000

current liabilities $120,000

Non-current liabilities $200,000

share capital $ 500,000

Retained earnings $ 300,000

the returns on assets ratio is

a.

15.17%

b.

21.25%

c.

1.2 x

d.

17%