Chavin Company Had the Following Results During August: Net Operating

question 141

Multiple Choice

Chavin Company had the following results during August: net operating income,$220,000; turnover,5; and ROI 25%.Chavin Company's average operating assets were:

• A) $880,000
• B) $44,000
• C) $55,000
• D) $1,100,000

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Definitions:

Semi-strong Form

A concept in efficient market hypothesis proposing that all publicly available information is fully reflected in stock prices.

Variance

A statistical measure that represents the spread or dispersion of a set of data points from their mean.

Average Squared Difference

A statistical measure used in variance calculations, representing the average of the squared differences from the mean.

Actual Return

The real profit or loss achieved on an investment over a particular time period, often expressed as a percentage.