Blue Ridge Enterprises had sales of $1,120,500, net operating income of $102,500, and operating assets of $150,000 at the beginning of the year and $160,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

Blue Ridge Enterprises had sales of $1,120,500, net operating income of $102,500, and operating assets of $150,000 at the beginning of the year and $160,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 5EB: During the current year. Plainfield Manufacturing earned income of $845,000 from total sales of...

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Question

What was the company's turnover rounded to the nearest tenth on these general accounting question?

Blue Ridge Enterprises had sales of $1,120,500, net
operating income of $102,500, and operating assets of
$150,000 at the beginning of the year and $160,000 at
the end of the year. What was the company's turnover
rounded to the nearest tenth?

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