Answered: Arshadi Corp.'s sales last year were…

Arshadi Corp.'s sales last year were $62,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)? a. 1.82 b. 1.32 c. 2.32 d. 2.82 e. 0.82

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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Question

What was it's total assets turnover ratio (TATO)? On general accounting

Arshadi Corp.'s sales last year were $62,000, and its
total assets were $22,000. What was its total assets
turnover ratio (TATO)?
a. 1.82
b. 1.32
c. 2.32
d. 2.82
e. 0.82

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