A Company Reports the Following

question 19

Essay

A company reports the following:
Sales$2,520,000
Average total assets (excluding long-term investments)1,400,000?

Determine the asset turnover ratio. Round your answer to one decimal place.

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Definitions:

Expected Additional Benefit

The anticipated extra advantage or income gained from making a particular business decision or investment.

Expected Additional Cost

The anticipated expenses that are not initially accounted for, occurring as a consequence of a new action or decision.

Expected Marginal Cost

The anticipated cost of producing one additional unit of a good or service, taking into account all relevant factors and future circumstances.

Expected Marginal Benefit

is the anticipated additional benefit or utility obtained from consuming one more unit of a good or service.