In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion. Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target’s asset turnover ratio enter the target’s asset turnover ratio in number of times rounded to 2 decimal places times
In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion. Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.) Target’s asset turnover ratio enter the target’s asset turnover ratio in number of times rounded to 2 decimal places times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In a recent annual report, Target reported beginning total assets of $44.1 billion, ending total assets of $44.5 billion, and net sales of $63.4 billion.
Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.)
Compute Target’s asset turnover ratio. (Round answer to 2 decimal places, e.g. 5.60.)
| Target’s asset turnover ratio | enter the target’s asset turnover ratio in number of times rounded to 2 decimal places | times |
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