The Following Information Pertains to Sanjay Company Invested Capital Is Defined as Total Assets

question 123

Multiple Choice

The following information pertains to Sanjay Company:
$\begin{array}{ll}\text { Total assets } & \$ 50,000 \\\text { Total current liabilities } & \$ 30,000 \\\text { Total expenses } & \$ 60,000 \\\text { Total liabilities } & \$ 45,000 \\\text { Total revenues } & \$ 100,000\end{array}$
Invested capital is defined as total assets.What is the capital turnover?

• A) 0.40
• B) 0.63
• C) 1.79
• D) 2.00

---

Definitions:

Test Bias

Test bias refers to a systematic error in a test that results in different meanings or outcomes for different groups, undermining its fairness or accuracy.

Left-Handed People

Individuals who predominantly use their left hand for activities requiring fine motor skills, such as writing and eating.

Predictive Validity

The extent to which a score on a scale or test predicts future performance or behavior.

GRE Quantitative Scores

Scores from a standardized test section measuring mathematical reasoning, problem-solving skills, and understanding of basic concepts of arithmetic, algebra, geometry, and data analysis.