Chavin Company had the following results during August: net operating income, $250,000; turnover, 5; and return on investment (ROI) 19%. Chavin Company's average operating assets were:. A. $50,000 B. $47,500 C. $1,250,000 D. $1,315,789

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be: