In its 2015 annual report, XYZ Co. reported beginning total assets of $45.8 billion, ending total assets of $60.2 billion, property and equipment (net) of $25.4 billion, and net sales of $75.6 billion. Compute XYZ Co.'s asset turnover ratio.

Principles of Accounting Volume 2
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Chapter12: Balanced Scorecard And Other Performance Measures
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Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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In its 2015 annual report

In its 2015 annual report, XYZ Co.
reported beginning total assets of $45.8
billion, ending total assets of $60.2
billion, property and equipment (net) of
$25.4 billion, and net sales of $75.6
billion.
Compute XYZ Co.'s asset turnover ratio.
Transcribed Image Text:In its 2015 annual report, XYZ Co. reported beginning total assets of $45.8 billion, ending total assets of $60.2 billion, property and equipment (net) of $25.4 billion, and net sales of $75.6 billion. Compute XYZ Co.'s asset turnover ratio.
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