Calculate Net Working Capital Turnover Given the Following Data

question 320

Multiple Choice

Calculate net working capital turnover given the following data. Total fixed assets $200,000; long-term liabilities $55,000; total liabilities $80,000; total shareholders' equity $220,000; total sales $800,000.

• A) 13.75
• B) 12.67
• C) 11.75
• D) 10.67
• E) 9.67