Champion Company has: Sales $20 million Total debt $1.5 million Debt ratio 40% What is Champion's total asset turnover? a. 13.33 b. 9.11 c. 6.55 d. 5.33 e. 4.11
Champion Company has: Sales $20 million Total debt $1.5 million Debt ratio 40% What is Champion's total asset turnover? a. 13.33 b. 9.11 c. 6.55 d. 5.33 e. 4.11
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Transcribed Image Text:Champion Company has:
Sales
$20 million
Total debt $1.5 million
Debt ratio 40%
What is Champion's total asset turnover?
a. 13.33
b. 9.11
c. 6.55
d. 5.33
e. 4.11
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