The following are selected data for the division for the consumer products of ABC Corp for 2020: Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8% What is the asset turn-over ratio for the division? 1. .25 times 2. 2.5 times 3.8 times 4. 10% O 1 O 2 4

The following are selected data for the division for the consumer products of ABC Corp for 2020: Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8% What is the asset turn-over ratio for the division? 1. .25 times 2. 2.5 times 3.8 times 4. 10% O 1 O 2 4

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

The following are selected data for the division for the consumer products of ABC Corp for 2020:
Sales
P 10,000,000
Average invested capital
4,000,000
Net Income
400,000
Cost of Capital
8%
What is the asset turn-over ratio for the division?
1. .25 times
2. 2.5 times
3. 8 times
4. 10%
O 1
O 2
O 3
O 4

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