International Boot Company has operating income of $80,000, invested assets of $500,000, and sales of $1,525,000.
The investment turnover for International Boot Company is
A. 16.0
B. 3.05
C. 0.33
D. 27.5
Answer: B
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Answer the following statements true (T) or false (F)
1. Microsoft has been accused of adapting competitors' products after those firms spent the resources and took the risks to develop them. Companies with this strategy are known as analyzers by Miles and Snow. 2. Blockbuster Video was slow to adapt to the latest trends in its industry, such as DVD-by-mail and movie downloads online. When it tried to incorporate the same into its business model, it was well behind competitors like Netflix. Blockbuster might be defined as a defender, according to Miles and Snow. 3. Eastman Kodak, though it actually invented the digital camera, was slow to move into the production of this product as well as digital printers. Its continued reliance on traditional 35mm film production and processing, which resulted in its bankruptcy, makes it a reactor according to Miles and Snow. 4. The process of a business cycling through decisions first to select products and markets, then about producing and delivering the products, and finally to establish roles and processes is known as the discovery cycle.
Which of the following organizations requires publicly owned companies to be audited by independent accountants (CPAs)?
A) Securities and Exchange Commission (SEC) B) Public Company Accounting Oversight Board (PCAOB) C) Financial Accounting Standards Board (FASB) D) American Institute of Certified Public Accountants (AICPA)
With experience, unit costs of production decline as ________ increases in most industries.
A. output B. price C. volume D. costs
A wrongful act can be both a crime and a tort
Indicate whether the statement is true or false