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Dexter Equipment Co. had: • Net sales of $150,000 • Total assets of $100,000 • Year-end receivables of $18,000 . Inventory of $27,000 The company uses a 365-day year for calculations. What is Dexter's total asset turnover ratio? a) 1.25 b) 1.50 c) 1.33 d) 1.75 e) 1.85

Dexter Equipment Co. had: • Net sales of $150,000 • Total assets of $100,000 • Year-end receivables of $18,000 . Inventory of $27,000 The company uses a 365-day year for calculations. What is Dexter's total asset turnover ratio? a) 1.25 b) 1.50 c) 1.33 d) 1.75 e) 1.85

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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Dexter Equipment Co. had: • Net sales of $150,000 • Total assets of $100,000 • Year-end receivables of $18,000 . Inventory of $27,000 The company uses a 365-day year for calculations. What is Dexter's total asset turnover ratio? a) 1.25 b) 1.50 c) 1.33 d) 1.75 e) 1.85
Transcribed Image Text:Dexter Equipment Co. had: • Net sales of $150,000 • Total assets of $100,000 • Year-end receivables of $18,000 . Inventory of $27,000 The company uses a 365-day year for calculations. What is Dexter's total asset turnover ratio? a) 1.25 b) 1.50 c) 1.33 d) 1.75 e) 1.85
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