A company's average total assets is $200,000, depreciation expense is $10,000, and accumulated depreciation is $60,000. Net sales total $250,000. The asset turnover ratio is a. 0.8 times b. 1.25 times c. 3.33 times d. 4.17 times
A company's average total assets is $200,000, depreciation expense is $10,000, and accumulated depreciation is $60,000. Net sales total $250,000. The asset turnover ratio is a. 0.8 times b. 1.25 times c. 3.33 times d. 4.17 times
Chapter1: Financial Statements And Business Decisions
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C. 5.55 years
d. None of the above
a. 0.8 times
b.
1.25 times
c. 3.33 times
d. 4.17 times
Cost-Volume-Profit Analysis
40
8. A company's average total assets is $200,000, depreciation expense is $10,000, and
accumulated depreciation is $60,000. Net sales total $250,000. The asset turnover ratio is
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b. $40,000 loss on disposal
c. $40,000 gain on disposal
d. $25,000 loss on disposal
is $200,000, depreciation
exis $10 000 tyroperty and 0,000. The average of
the company's property and equipment is
a. 20 years
b. 6 years
Thereciation is
3.33 years
d. None of the above
8. A company's average total assets is $200,000, depreciation expense is $10,000, and
accumulated depreciation is $60,000. Net sales total $250,000. The asset turnover ratio in
400 // _R—
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