BRIXON LTD.'S SALES LAST YEAR WERE $112,800, AND ITS TOTAL ASSETS WERE WERE $48,000. WHAT WAS ITS TOTAL ASSETS TURNOVER RATIO (TATO)? A. 2.12 B. 2.35 C. 2.45 D. 2.65 E. 2.75

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 6MCQ
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I need assistance with this financial accounting problem using valid financial procedures.

BRIXON LTD.'S SALES LAST YEAR WERE $112,800,
AND ITS TOTAL ASSETS WERE
WERE $48,000.
WHAT WAS ITS TOTAL ASSETS TURNOVER RATIO
(TATO)?
A. 2.12
B. 2.35
C. 2.45
D. 2.65
E. 2.75
Transcribed Image Text:BRIXON LTD.'S SALES LAST YEAR WERE $112,800, AND ITS TOTAL ASSETS WERE WERE $48,000. WHAT WAS ITS TOTAL ASSETS TURNOVER RATIO (TATO)? A. 2.12 B. 2.35 C. 2.45 D. 2.65 E. 2.75
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