Problem 1: The Echuca Electrical Corporation reported the following information for its Coaxial Cables Division:Revenues: $1 000 000; Operating costs: $600 000; Taxable income: $200 000; Operating assets: $500 000. Profit is defined as operating profit. Determine the Coaxial Cables Division's investment turnover ratio.
Select one:
a.2.50
b.0.80
c.3.33
d.2.00