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

question 42

Multiple Choice

Compute the asset turnover (rounded to two decimal places) for the Tim Tom investment center as shown below. $\begin{array}{ll}&\text { Tim Tom Subsidiary }\\\text { Total sales } & \$ 1,600 \\\text { Operating income } & \$ 100 \\\text { Average assets invested } & \$ 900 \\\text { Profit margin } & ? \\\text { Asset turnover } & ? \\\text { ROI } & ?\end{array}$

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

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Definitions:

Formation

The process of being formed or the structure that is formed as a result of certain conditions or processes.

Without

Lacking or in the absence of.

Lordosis

A condition characterized by an excessive inward curvature of the spine, often in the lumbar region, leading to a pronounced "swayback" appearance.

Scoliosis

A condition characterized by an abnormal lateral curvature of the spine.