34. Ryngard C total assets turnover ratio CTATO? orp's sales last year were $42,000, and its...

Question

Question

Answer 1

Answer #1

Total assets turnover ratio = Total sales/total assets
Total sales = 42000
Total assets = 16000
Total assets turnover ratio = 42000/16000
Total assets turnover ratio = 2.625

The total assets turnover ratio is
e) 2.63.

Answer 2

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