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Delta Manufacturing reports the following financial data: Net sales: $3,680 million • Cost of goods sold: $3,250 million . Net income: $520 million Average total assets: $3,200 million Compute the total asset turnover ratio. Possible answers: a) 1.05 b) 1.25 c) 1.15 d) 0.95 e) 1.10

Delta Manufacturing reports the following financial data: Net sales: $3,680 million • Cost of goods sold: $3,250 million . Net income: $520 million Average total assets: $3,200 million Compute the total asset turnover ratio. Possible answers: a) 1.05 b) 1.25 c) 1.15 d) 0.95 e) 1.10

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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Delta Manufacturing reports the following financial data: Net sales: $3,680 million • Cost of goods sold: $3,250 million . Net income: $520 million Average total assets: $3,200 million Compute the total asset turnover ratio. Possible answers: a) 1.05 b) 1.25 c) 1.15 d) 0.95 e) 1.10
Transcribed Image Text:Delta Manufacturing reports the following financial data: Net sales: $3,680 million • Cost of goods sold: $3,250 million . Net income: $520 million Average total assets: $3,200 million Compute the total asset turnover ratio. Possible answers: a) 1.05 b) 1.25 c) 1.15 d) 0.95 e) 1.10
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