During 2010, Stein Corporation Reported Net Sales of $3,000,000 and Net

question 238

Multiple Choice

During 2010, Stein Corporation reported net sales of $3,000,000 and net income of $1,800,000. 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) 3.0 times.
• B) 2.4 times.
• C) 2.0 times.
• D) 1.4 times.

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