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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

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

Managerial Accounting
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 8BE
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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
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