Crane Company gives you the following information pertaining to the year 2020. Net sales $860160 Cost of goods sold 484000 Current assets 497000 Current liabilities 254000 Average total assets 1024000 Total liabilities 549000 Net income 135000 The asset turnover ratio of Crane Company is O 0.13. O 1.19. O 0.47. O 0.84.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Crane Company gives you the following information pertaining to the year 2020.
Net sales
$860160
Cost of goods sold
484000
Current assets
497000
Current liabilities
254000
Average total assets
1024000
Total liabilities
549000
Net income
135000
The asset turnover ratio of Crane Company is
O 0.13.
O 1.19.
O 0.47.
O 0.84.
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Transcribed Image Text:View Policies Current Attempt in Progress Crane Company gives you the following information pertaining to the year 2020. Net sales $860160 Cost of goods sold 484000 Current assets 497000 Current liabilities 254000 Average total assets 1024000 Total liabilities 549000 Net income 135000 The asset turnover ratio of Crane Company is O 0.13. O 1.19. O 0.47. O 0.84. Save for Later Attempts: 0 of 1 used
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