The company's total assets turnover is equal??? A company had average total assets of $896,000. Itsgross sales were $1,089,000 and its net sales were$1,002,000. The company's total asset turnover isequal to:a. 1.12b. 0.82c. 1.09d. 1.22e. 0.89

Step 1: Define Asset Turnover RatioThe asset turnover ratio illustrates how many times a company was…

Answered: A company had average total assets of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company had average total assets of $897,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover is equal to: a. 0.82 b. 0.90 c. 1.09 d. 1.11 e. 1.26
A company had average total assets of $500,000, gross sales of $575,000, and net sales of $550,000. The company’s total asset turnover is a. 1.15. d. 0.87. b. 1.10. e. 1.05. c. 0.91.
23. In 2018, a company had beginning total assets of $923,000, and ending total assets of $871,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover is equal to: A. 0.82B. 0.90C. 1.09D. 1.11
. In 2018, a company had beginning total assets of $923,000, and ending total assets of $871,000. Its gross sales were $1,090,000 and its net sales were $1,000,000. The company's total asset turnover is equal to: A. 0.82 B. 0.90 C. 1.09 D. 1.11
A company had average total assets of $897, 000
Aardvark & Co. has sales of $291,200, cost of goods sold of $163,300, net profit of $11,360, net fixed assets of $154, 500, and current assets of $89, 500. What is the total asset turnover rate? a) 1.19 b) 1.11 c) 1.24 d) 1.08 e) 1.28
Flask Company reports net sales of $4,343 million; cost of goods sold of $2,808 million; net income of $283 million; and average total assets of $2,150. Compute its total asset turnover. Multiple Choice 0.13. 0.77. 1.31. 2.02. 1.55.
What is ABCs asset turnover on these accounting question?
Right Company reported beginning and ending total assets of $36,000 and $30,000, respectively. Its net sales revenue for the year were $26,070. What was Right's asset turnover ratio? A. 0.87 OB. 1.27 OC. 0.79 OD. 0.72
Tatye Corporation reported Net sales of $4.6 million and average Total assets of $1.1 million. The Total asset turnover is:
What is the company's asset turnover ratio?

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A company had average total assets of $896,000. Its gross sales were $1,089,000 and its net sales were $1,002,000. The company's total asset turnover is equal to: a. 1.12 b. 0.82 c. 1.09 d. 1.22 e. 0.89