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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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