Answer the Following Questions Using the Information Below:
the Echuca

question 72

Multiple Choice

Answer the following questions using the information below:
The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:
$$\begin{array} { l r } \text { Revenues } & \$ 1000000 \\\text { Operating costs } & 600000 \\\text { Taxable income } & 200000 \\\text { Operating assets } & 500000\end{array}$$ Profit is defined as operating profit.
-What is the Coaxial Cables Division's investment turnover ratio?

• A)2.00
• B)2.50
• C)3.33
• D)0.80

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Definitions:

Global Business

Business activities that cross national borders, involving transactions of goods, services, or resources between parties in different countries.

Labour Costs

The total sum of all financial remunerations and benefits given to employees in exchange for their work.

Global Firms

Businesses that operate and have market presence in multiple countries around the world.

General Environment

The economic, legal-political, socio-cultural, technological, and natural environment conditions in which an organization operates.