A company reports the following: • Sales: $750,000 • Average Total Assets (excluding long-term investments): $375,000 What is the asset turnover ratio?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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what is the asset turnover ratio?

A company reports the following:
• Sales: $750,000
• Average Total Assets (excluding long-term investments):
$375,000
What is the asset turnover ratio?
Transcribed Image Text:A company reports the following: • Sales: $750,000 • Average Total Assets (excluding long-term investments): $375,000 What is the asset turnover ratio?
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