Last Year's Asset Turnover Ratio Was 2

question 39

Multiple Choice

Last year's asset turnover ratio was 2.0.Sales have increased by 25 percent and average total assets have increased by 10 percent since that time.What is the current asset turnover ratio?

• A)1.82
• B)2.05
• C)2.15
• D)2.27 sales/average total assets = 2.0

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