Maple Corp

question 8

Multiple Choice

Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 and $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.)

• A) 0.49 times
• B) 2.46 times
• C) 1.16 times
• D) 2.05 times