4. Ryngard Corp's sales last year were $42.000, and its total assets were $16,000. What was...

Question

Question

Answer 1

Answer #1

Calculate the total asset turnover ratio as follows:

Total asset turnover ratio = Sales/total assets

= $42,000/16000

=2.63

Therefore,the total asset turnover ratio is 2.63.

Answer 2

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