During 2014, Stein Corporation Reported Net Sales of $5,000,000 and Net

question 284

Multiple Choice

During 2014, Stein Corporation reported net sales of $5,000,000 and net income of $2,250,000. Stein also reported beginning total assets of $1,000,000 and ending total assets of $1,500,000. Stein's asset turnover ratio is

• A) 5.0 times.
• B) 4.0 times.
• C) 3.4 times.
• D) 2.4 times.

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