Orion Industries had sales of $150,000, year-end receivables of $18,000, inventories of $30,000, and total assets of $95,000. It uses a 365-day year for ratio calculations. What is Orion's total asset turnover ratio?

Orion Industries had sales of $150,000, year-end receivables of $18,000, inventories of $30,000, and total assets of $95,000. It uses a 365-day year for ratio calculations. What is Orion's total asset turnover ratio?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...

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what is Orion's total asset turnover ratio? accounting question solution

Orion Industries had sales of $150,000, year-end receivables of
$18,000, inventories of $30,000, and total assets of $95,000. It
uses a 365-day year for ratio calculations.
What is Orion's total asset turnover ratio?

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