Compute the Asset Turnover (Rounded to Two Decimal Places)for the Tim

question 93

Multiple Choice

Compute the asset turnover (rounded to two decimal places) for the Tim Tom investment center as shown below. $$\begin{array} { l r } & \text { Tim Tom subsidiary } \\\text { Total sales } & 1,600 \\\text { Operating income } & \$ 100\\\text { Average as5ets invested }&\$900 \\\text { Profit marpin } & \text { ? } \\\text { A55et turnever } & \text { ? } \\\text { ROI }& \text { ? } \end{array}$$

• A) 1.78
• B) 0.56
• C) 0.11
• D) 9.00

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