The Appliance Division
the Appliance Division of Electrotech Corporation Reported

question 151

Multiple Choice

The Appliance Division
The Appliance Division of Electrotech Corporation reported the following results for a recent year
$\begin{array}{ll}\text {Sales } & \$ 9,000,000 \\\text {Expenses } & 7,500,000\\\\text { Total assets(1/1) } &6,000.000\\\text { Total assets(12/31) } & 6,200.000\end{array}$


Refer to the Appliance Division
What was the asset turnover ratio of The Appliance Division?

• A)1.475
• B)3.48
• C)0.680
• D)1.23

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