The Schaumburg Jar Company makes jars for consumer and restaurant use. They recently collected the following information: Consumer Division Restaurant Division Operating Income $78,000 $145,000 Invested Assets $60,000 $50,000 Sales $98,000 $240,000 Schaumburg is concerned about their investment turnover in the consumer division. What is the consumer division's investment turnover and what can be done to increase it? The consumer division's investment turnover is 4.8 times. Joliet should try to increase the amount of investment associated with the consumer division. The consumer division's investment turnover is 0.612 times. Joliet should try to increase operating income associated with the consumer division. The consumer division's investment turnover is 0.208 times. Joliet should try to decrease sales associated with the consumer division. The consumer division's investment turnover is 1.63 times. Joliet should try to increase sales associated with the consumer division

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Investment turnover is a financial ratio that measures how effectively a companys investmen... View the full answer