A company had average total assets of $887,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover equals:
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- Polstak Inc, reported a sales margin of 8%, a capital turnover of 11.6, and income of $7000. the company's sales revenue was:Edison Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $56,000; net income of $16,000; beginning balance of total assets of $60,000; and ending balance of total assets of $68,000. Compute (a) profit margin and (b) return on total assets.General accounting
- Dundee Co. reported the following for the current year: net sales of $80,000; cost of goods sold of $60,000; beginning balance of total assets of $115,000; and ending balance of total assets of $85,000. Compute total asset turnover. Round to one decimal.Naruto Corp.s sales last year were $67,950, and its total assets were $31,400. What was its total assets turnover ratio (TATO)? Please answer this financial accounting problem.A company has Sales of $8,000,000; Accounts Receivable of $250,000; Cost of Goods Sold of $3,800,000; Average Inventory of $850,000. What is its Gross Profit?