For Mildura Ltd, If the Sales Are $1 500 000

question 69

Multiple Choice

For Mildura Ltd, if the sales are $1 500 000, the invested capital $450 000 and the profit $90 000, what is the asset turnover for the year?

• A) 20%
• B) 5%
• C) 30%
• D) 333%

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Definitions:

Renewable Resources

Natural assets that can regenerate and sustainably yield benefits, like biomass and geothermal heat.

Littering

The act of improperly disposing of waste products in inappropriate places, leading to environmental pollution.

Consumption Per Person

Consumption Per Person refers to the average amount of resources, goods, or services used by an individual within a given population or area.

Disproportionate Use

Disproportionate Use denotes an uneven or unfair usage of resources or services, often leading to scarcity or inequity among different groups or regions.