Maple Company Had Net Sales of $202,550 for the Year

question 10

Multiple Choice

Maple Company had net sales of $202,550 for the year ended December 31,2017.Its beginning and ending total assets were $85,200 and $115,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places.)

• A) 0.50 times
• B) 2.38 times
• C) 1.14 times
• D) 2.02 times