Accounting dell had net sales of $35404 million gross Dell had net sales of $35,404 million Grosssales total of $37,576. Its average total assetsfor the period were $14,502 million. Dell'stotal asset turnover equals:A. 0.40B. 0.35C. 2.59D. 2.44E. 3.50

The total asset turnover ratio measures how efficiently a company uses its assets to generate sales.…

Answered: Dell had net sales of $35,404 million…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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Dell had net sales of $35,404 million Gross sales total of $37,576. Its average total assets for the period were $14,502 million. Dell's total asset turnover equals: A. 0.40 B. 0.35 C. 2.59 D. 2.44 E. 3.50