Total assets, January 1Total assets, December 31Net salesGross marginNet income$ 125,00075,000850,000300,000400,000The company's total asset turnover is closest to:0.124.00O 3.00O 8.50

Assets turnover ratio: Assets turnover ratio measures the efficiency of a company's assets to…

Total assets, January 1 Total assets, December 31 Net sales Gross margin Net income $ 125,000 75,000 O 0.12 O 4.00 O 3.00 O 8.50 850,000 300,000 400,000 The company's total asset turnover is closest to:

Total assets, January 1 Total assets, December 31 Net sales Gross margin Net income $ 125,000 75,000 O 0.12 O 4.00 O 3.00 O 8.50 850,000 300,000 400,000 The company's total asset turnover is closest to:

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter15: Capital Investment Analysis

Section: Chapter Questions

Problem 15.5.1MBA

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Question

Total assets, January 1
Total assets, December 31
Net sales
Gross margin
Net income
$ 125,000
75,000
850,000
300,000
400,000
The company's total asset turnover is closest to:
0.12
4.00
O 3.00
O 8.50

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