A Company Had Net Sales of $541,500 in 2013 and $475,300

question 197

Essay

A company had net sales of $541,500 in 2013 and $475,300 in 2014.Its average assets were $410,000 for 2013 and $400,000 for 2014.(1)Calculate the total asset turnover for each year.(2)Interpret and comment on the company's efficiency in the use of its assets.

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Definitions:

Peripheral Model

A theory in urban sociology suggesting that urban areas are composed of an inner city surrounded by large suburban residential and business areas tied together by a beltway or ring road.

Concentric Zones

A sociological model that divides cities into circular areas with varying social characteristics, originating from the work of Ernest Burgess.

Cities

Urban areas with high population density and infrastructure, serving as centres of politics, economics, culture, and social interactions.

Population Replacement Levels

The fertility rate at which a population exactly replaces itself from one generation to the next, without migration.