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
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The company's total assets turnover is equal???
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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. 1.26Flask 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.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?Average total assets are $400,000; net income is $200,000; and net sales are $800,000. The asset turnover is OA) 25% OB) 50% C) 100% D) 200% E) none of the aboveLok Co. reports net sales of $5,856,480 for Year 2 and $8,679,690 for Year 3. End-of-year balances for total assets are Year 1, $1,686,000; Year 2, $1,800,000; and Year 3, $1,982,000. (a) Compute Lok’s total asset turnover for Year 2 and Year 3. (b) Lok’s competitor has a turnover of 3.0. Is Lok performing better or worse than its competitor on the basis of total asset turnover?
- What is the company's assets turnover ratio ??Fleming corporation reports the following financial dataThe Huntzicker Company reported gross sales of $850,000, sales return and allowances of $5,000 and sales discounts of $5,000. The company has average total assets of $500,000, of which $250,000 is property, plant, and equipment. What is the company's asset turnover ratio? a. 1.68 times b. 1.72 times c. 0.59 times d. 1.8 times