If a company has net sales of $300,000 and average total assets of $150,000, what is the asset turnover ratio? A) 0.5 B) 2.0 C) 1.0 D) 2.5

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 26MCQ
icon
Related questions
Question

What is the asset turnover ratio?

If a company has net sales of $300,000 and average total assets of
$150,000, what is the asset turnover ratio?
A) 0.5
B) 2.0
C) 1.0
D) 2.5
Transcribed Image Text:If a company has net sales of $300,000 and average total assets of $150,000, what is the asset turnover ratio? A) 0.5 B) 2.0 C) 1.0 D) 2.5
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer