Igor the Intern Has Obtained the Following Financial Data for PDQ

question 27

Multiple Choice

Igor the intern has obtained the following financial data for PDQ Corporation:

The turnover ratio for 2022 is:

• A)1.6667
• B)1.9655
• C)26.32%
• D)86.21%

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Definitions:

Decision

The act of making a choice or coming to a conclusion.

Investment Turnover

A financial ratio that measures how effectively a company uses its assets to generate sales revenue; a higher turnover indicates better performance.

Profit Margin

The ratio of net income to revenue, indicating how much profit is generated per dollar of sales.

Return on Investment

A financial metric used to assess the profitability or efficiency of an investment, calculated by dividing the benefit (return) of an investment by the cost of the investment.