2. A firm has an asset turnover 1.50. This means that that firm has $1.0 dollars...
2. A firm has an asset turnover 1.50. This means that that firm has $1.0 dollars in assets for every:
- $.667 in total sales.
- $.333 in total sales.
- $1.50 in total sales.
- $1.00 in total sales.
Homework Answers
Ans C) $1.50 in total sales.
ASSETS TURNOVER RATIO = NET SALES / AVERAGE TOTAL ASSETS
1.50 = NET SALES / 1.0
NET SALES = $ 1.50
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