Given the Following Data: Sales = 3200; Cost of Goods

question 46

Multiple Choice

Given the following data: Sales = 3200; Cost of goods sold = 1600; Average total assets =
1600; Average inventory = 200, calculate the asset turnover ratio:

• A) 2.0
• B) 0.9375
• C) 1.33
• D) None of the above

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