The following information pertains to travis concrete: sales revenue $ 1,500,000 gross margin 600,000 income 90,000 invested capital 450,000 the company's imputed interest rate is 8%. the capital turnover is:

The capital turnover is: 3.33

Explanation:

The capital turnover ratio is also referred to annual sales of a business to the total amount of its stockholders' equity. It indicates a company's effectiveness in using its capital to generate revenue.

The capital turnover ratio is calculated by the following formula:

The capital turnover = Net Annual Sales /Average amount of working capital

In where:

Average amount of working capital = Current assets - Current abilities

In Travis Concrete:

The capital turnover = Sales revenue/Invested capital = $1,500,000/$450,000 = 3.33

explanation: doctrine of respondeat superior is a legal doctrine that is commonly used in tort. this principle makes an employer or principal legally responsible for the wrongful acts done by an employee or agent, if such acts occur within the scope of the employment or agency.

the answer is d

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