Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year. Total stockholders' equity, end-of-year $15,953 712,855 83,932 103,201 198,935 121,851 The total asset turnover is: A 2.24 times B 4.67 times 2.81 times 3.64 times
Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year. Total stockholders' equity, end-of-year $15,953 712,855 83,932 103,201 198,935 121,851 The total asset turnover is: A 2.24 times B 4.67 times 2.81 times 3.64 times
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Selected current year company information follows:
Net income
Net sales
Total liabilities, beginning-year
Total liabilities, end-of-year
Total stockholders' equity, beginning-year.
Total stockholders' equity, end-of-year
$15,953
712,855
83,932
103,201
198,935
121,851
...
The total asset turnover is:
(A) 2.24 times
B) 4.67 times
2.81 times
(D 3.64 times
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