Wednesday, February 20, 2013

What is the Cyclotron Division's investment turnover ratio

ACCOUNTING

Multiple Choice

The Cybertronics Corporation reported the following information for its Cyclotron Division:



Revenues $1,000,000

Operating costs 600,000

Taxable income 200,000

Operating assets 500,000



Income is defined as operating income.



What is the Cyclotron Division's investment turnover ratio?

a. 2.00

b. 3.33

c. 2.50

d. 0.80

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