For 2020, Walrus Company Reported Net Revenues, Average Total Assets

question 51

Multiple Choice

For 2020, Walrus Company reported net revenues, average total assets, and net income of $180,000, $24,000, and $100,000 respectively. Walrus Company's asset turnover ratio for 2020 was

• A) 1.8.
• B) 3.8.
• C) 7.5.
• D) 8.0.

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The process of adding a sequence of numbers or quantities to get a total.

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