Last Year's Asset Turnover Ratio Was 2

question 48

Multiple Choice

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

• A)2.27
• B)3.43
• C)4.75
• D)5.82 sales/average total assets = 2.0

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Definitions:

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