Baker,IncHad Reported the Following Details for the Year Ended December

question 80

Multiple Choice

Baker,Inc.had reported the following details for the year ended December 31,2017: $$\begin{array} { | l | r | } \hline \text { Net sales } & \$ 25,450,000 \\\hline \text { Total assets } & 17,700,000 \\\hline \text { Total liabilities } & 10,300,000 \\\hline\end{array}$$ The company's beginning total assets and liabilities were $14,400,000 and $9,200,000,respectively.Calculate the asset turnover ratio for 2017.

• A)2.10 times
• B)1.20 times
• C)1.56 times
• D)1.59 times

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Definitions:

Cross-functional Teams

Teams composed of members from different departments or functional areas working towards a common goal.

Operate

To control the functioning of; to use and manage a device, machine, process, or system.

Cross-functional Teams

Teams composed of members from different departments within an organization, brought together to achieve a specific goal.

Specialty Areas

Specific fields or areas of expertise within a broader discipline or industry.