Arshadi Corp.'s sales last year were $65,000, and its total assets were $22,000. What was its...

Question

Question

Arshadi Corp.'s sales last year were $65,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)?

Select the correct answer.

a. 3.85

b. 2.95

c. 6.55

d. 4.75

e. 5.65

Answer 1

Answer #1

total assets turnover ratio=Sales/Total assets

=65000/22000

which is equal to

=2.95(Approx).

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Answer 2

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