17.2 CengageNOWv2 X Broward College Hoi Homepage BCOnlit C Chegg Study | Guide+

Question

17.2

CengageNOWv2 X Broward College Hoi Homepage BCOnlit C Chegg Study | Guide+ v2 cengagenow con intake ssignment takeAssignmen Main doi voker-assignments& takeAssignmentSessionLoca or-assignment t ? Cengage ? ? ? ? ? ? ? ? Ch 17-2 Practice Exercises Book Show Me How Calculator Print Item 1. PE.17-01.ALGO 2. PE.17-02.ALGO 3. PE.17-03.ALGO Asset turnover A company reports the following Sales Average total assets Determine the asset turnover ratio. If required, round your answer to one decimal place $795,200 568,000 4. PE.17-04.ALGO 5. PE.17-05.ALGO 6. PE. 17-07.ALGO 7. PE.17-08.ALGO 8. PE.17-09.ALGO 9. PE.17-10.ALGO 10. PE. 17-11.ALGO Check My Work PreviousS Next 11:38 PM 4/18/2018 2 more Check M? Work uses remaining Type here to search

Explanation / Answer

Asset turnover ratio = Net sales / Average total assets
= $795,200 / $568,000
= 1.4 times

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.