6-during the latest year, xyz corporation has total sales of 200,000, net income of 10000 and...

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6-during the latest year, xyz corporation has total sales of 200,000, net income of 10000 and...

6-during the latest year, xyz corporation has total sales of 200,000, net income of 10000 and its year-end total assets were 250,000, the firm's total debt to total assets ratio was 30%,

what is firm's total assets turnover?

business finance

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Answer 1

Answer #1

Asset Turnover : 0.80 times

Asset Turnover = Net Sales / Total Assets = 200,000 / 250,000 = 0.80 times

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Answer 2

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