Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 11 - Performance Measurement in Decentralized Organizations - The Foundational 15 - Required - Page 499: 2

Answer

1.6

Work Step by Step

Last year’s turnover= $\frac{Sales}{AverageOperatingAssets}=\frac{1,000,000}{625,000}=1.6$
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