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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- Ramala Corp's sales last year were $48,000, and its total assets were $25,500. What was its total assets turnover ratio (TATO)?What is its total assets turnover??BOB Corp.'s sales last year were $98,000, and its total assets were $37,000. What was its total assets turnover ratio (TATO)? a. 2.12 b. 1.32 c. 2.37 d. 3.82 e. 2.65
- A company had net sales of $660,000, total sales of $810,000, and an average accounts receivable of $78,000. Its accounts receivable turnover equals:A company reports the followingA company reports the following:Sales $1,800,000Average total assets 1,125,000Determine the asset turnover ratio. Round to one decimal place.
- General accountingJPJ Corp has sales of $1.27 million, accounts receivable of $52,000, total assets of $4.96 million (of which $2.77 million are fixed assets), inventory of $152,000, and cost of goods sold of $604,000. What is JPJ's accounts receivable days? Fixed asset turnover? Total asset turnover? Inventory turnover? JPJ's inventory turnover isDundee 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.