Chrome File Edit View History Bookmarks People Window Help 52%)10. Thu 12:44 AM

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Chrome File Edit View History Bookmarks People Window Help 52%)10. Thu 12:44 AM CengageNOWv2 | Online teaching and learning resource from Cengage Learning v2.cengagenow.com Irn takeAssignment takeAssignment Main do?invokerassignments&takeAssignmentSessionLocator-assignment; take&inprogress-false; Ch 17 HW eBook Show Me How Calculator 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. 1. PE.17-02.BLANKSHEET.AL... 2. PE.17-03B $1,164,800 3. PE.17-04A 4. PE.17-05 ALGO 5. PE.17-06.ALGO 6. PE.17-07.ALGO 7. PE.17-08.ALGO 832,000 8. PE.17-09.ALGO 9. PE.17-10.ALGO 10. PE.17-11 ALGO 11. EX.17-01.BLANKSHEETA. Check My Work Previous Next Progress: 7/11 items Osborne17

Explanation / Answer

Asset Turnover ratio shows how efficiently a company can use its assets to generate sales.

Asset Turnover Ratio = Net Sale / Average Total Asset

= 1,164,800 / 832,000

= 1.40 Times

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