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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What is champion total assets turnover?
![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Faa55c557-e64b-4964-9bf8-8f76a00b3fe4%2F803cb195-ee6e-4757-bc19-96c4b731348e%2Fcvmxhsr_processed.jpeg&w=3840&q=75)
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- Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%Sousa Corporation provides the following financial information: Minimum acceptable operating income Average total assets Operating income $560,000 $2,000,000 $715,000 Return on investment 36% Net sales $850,000 Calculate the residual income of Sousa Corporation. O A. $554,125 O B. $155,000 OC. $290,000 O D. $1,440,000What is the Investment Turnover for Stevenson Corporation, given the following info: Invested Assets = $550,000 Sales = $660,000 Income from Operations = $99,000 Desired minimum rate of return = 15.0% 01.0 1.2 1.1 1.3
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