Maple Company Had Net Sales of $200,550 for the Year

question 58

Multiple Choice

Maple Company had net sales of $200,550 for the year ended December 31, 2015. Its beginning and ending total assets were $75,200 and $110,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2015.

• A)0.46 times
• B)2.67 times
• C)1.18 times
• D)2.16 times

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