Mehring Company Reported Net Sales of $450,000, Net Income of $90,000

question 99

Multiple Choice

Mehring Company reported net sales of $450,000, net income of $90,000, beginning total assets of $240,000, and ending total assets of $360,000. What was the company's asset turnover ratio?

• A) 1.88
• B) 0.30
• C) 1.50
• D) 1.85

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