Price Printing Co

question 15

Multiple Choice

Price Printing Co. had sales of $10 million, operating income of $3 million, after-tax income of $1 million, assets of $8 million, stockholders' equity of $5 million, and a total debt of $3 million. What is Price Printing Company's asset turnover?

• A).50x
• B)1.25x
• C)2.50x
• D)3.33x
• E).80x

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