Ryngard Corp's sales last year were $28,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)? a. 1.87 b. 1.94 C. 1.59 d. 1.75 e. 1.69
Ryngard Corp's sales last year were $28,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO)? a. 1.87 b. 1.94 C. 1.59 d. 1.75 e. 1.69
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Ryngard Corp's sales last year were $28,000,
and its total assets were $16,000. What was its
total assets turnover ratio (TATO)?
a. 1.87
b. 1.94
C. 1.59
d. 1.75
e. 1.69](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F40c6df6f-ca79-4a3d-8842-6fa7c60e2f24%2F95aa70e2-8c1e-48f7-b503-1bac6b3991e8%2Fmhckwnl_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ryngard Corp's sales last year were $28,000,
and its total assets were $16,000. What was its
total assets turnover ratio (TATO)?
a. 1.87
b. 1.94
C. 1.59
d. 1.75
e. 1.69
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