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Arshadi Corp.'s sales last year were $45,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? a) 2.05 b) 1.45 c) 2.25 d) 1.85

Arshadi Corp.'s sales last year were $45,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? a) 2.05 b) 1.45 c) 2.25 d) 1.85

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Arshadi Corp.'s sales last year were $45,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? a) 2.05 b) 1.45 c) 2.25 d) 1.85
Transcribed Image Text:Arshadi Corp.'s sales last year were $45,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? a) 2.05 b) 1.45 c) 2.25 d) 1.85
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