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TechGlobal Inc. reported the following financial information for the fiscal year: ⚫ Net sales: $58,320 million • Gross sales: $62,450 million • Beginning total assets: $20,150 million Ending total assets: $23,870 million What is TechGlobal's total asset turnover ratio? A. 3.18 B. 2.65 C. 2.90 D. 1.45 E. 3.40

TechGlobal Inc. reported the following financial information for the fiscal year: ⚫ Net sales: $58,320 million • Gross sales: $62,450 million • Beginning total assets: $20,150 million Ending total assets: $23,870 million What is TechGlobal's total asset turnover ratio? A. 3.18 B. 2.65 C. 2.90 D. 1.45 E. 3.40

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter3: Evaluation Of Financial Performance
Section: Chapter Questions
Problem 19P
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TechGlobal Inc. reported the following financial information for the fiscal year: ⚫ Net sales: $58,320 million • Gross sales: $62,450 million • Beginning total assets: $20,150 million Ending total assets: $23,870 million What is TechGlobal's total asset turnover ratio? A. 3.18 B. 2.65 C. 2.90 D. 1.45 E. 3.40
Transcribed Image Text:TechGlobal Inc. reported the following financial information for the fiscal year: ⚫ Net sales: $58,320 million • Gross sales: $62,450 million • Beginning total assets: $20,150 million Ending total assets: $23,870 million What is TechGlobal's total asset turnover ratio? A. 3.18 B. 2.65 C. 2.90 D. 1.45 E. 3.40
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