During 2011, Stein Corporation Reported Net Sales of $4,000,000 and Net

question 137

Multiple Choice

During 2011, Stein Corporation reported net sales of $4,000,000 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)4.0 times.
• B)3.2 times.
• C)2.7 times.
• D)1.9 times.

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