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Find what coaxial cables division investment turnover ratio

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Reference no: EM132986023

The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:

Revenues: $1 000 000;

Operating costs: $600 000;

Taxable income: $200 000;

Operating assets: $500 000.

Problem 1: Profit is defined as operating profit. What is the Coaxial Cables Division's investment turnover ratio?

Select one:

a. 2.50
b. 0.80
c. 3.33
d. 2.00

Reference no: EM132986023

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