Question

Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,114,000 in invested assets, sales of $1,281,000, income from operations amounting to $209,000, and a desired minimum return of 15%. Round your answer to two decimal places. The investment turnover for Mason Corporation is a.1.38 b.1.15 c.1.72 d.0.92

Answer 1

b.1.15

Step-by-step explanation:

The computation of the investment turnover is shown below:

= Sales ÷ average operating assets

= $1,281,000 ÷ $1,114,000

= 1.1499

= 1.15

hence, the investment turnover is 1.15

Therefore the option b is correct

The same should be considered and relevant