I won't to this question answer general Accounting Aardvark & Co. has sales of $291,200, cost of goodssold of $163,300, net profit of $11,360, net fixedassets of $154, 500, and current assets of $89, 500.What is the total asset turnover rate?a) 1.19b) 1.11c) 1.24d) 1.08e) 1.28

Step 1: Define Total Asset turnoverTotal asset turnover is given as the sales divided by the total…

Answered: Aardvark & Co. has sales of $291,200,…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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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
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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