Top Company's 2011 Sales Revenue Was $200,000 and 2010 Sales

question 59

Multiple Choice

Top Company's 2011 sales revenue was $200,000 and 2010 sales revenue was $180,000.Top's total assets as of December 31,2011 were $150,000 and total assets as of January 1,2011 were $130,000.What is Top's total asset turnover ratio?

• A)1.48
• B)1.33
• C)1.36
• D)1.43