Homework Answers
| a) | Average Assets = (beginning Assets + ending Assets)/2 | ||||
| Year 2 | Year 1 | ||||
| = ( $78200+72800)/2 | = ( $92000+78200)/2 | ||||
| = $ 75500 | = $ 85100 | ||||
| Assets Turnover Ratio = Sales / average Assets | |||||
| Year 2 | Year 1 | ||||
| = $120800/75500 | = $127650/85100 | ||||
| =1.6 times | =1.5 times | ||||
| b) | Increase in trend. | ||||
| ( let me know options available there so that we can put suitable answer) | |||||
| Kindly give a positive rating if you are satisfied with this solution and please ask if you have any queries. | |||||
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