Consider the following data for three divisions of a company, X, Y, and Z: Divisional: X...

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Consider the following data for three divisions of a company, X, Y, and Z: Divisional: X...

Consider the following data for three divisions of a company, X, Y, and Z:

Divisional:	X		Y		Z
Sales	$	1,398,000	$	840,000	$	4,452,000
Operating Income		159,700		99,300		218,600
Investment in assets		336,700		393,800		2,742,700

The asset turnover (AT) for Division Y is calculated to be (rounded):

Multiple Choice

2.28.
2.33.
2.13.
4.15.
2.92.

business accounting

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Answer 1

Answer #1

Answer: 2.13

Year Numerator Net sales 840000 Assets Turn over ratio Denominator Average Total Assets 393800 Assets Turn over ratio Assets

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Answer 2

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