A Company Had Net Sales of $789,765 and Average Assets

question 98

Short Answer

A company had net sales of $789,765 and average assets of $658,137.Calculate the company's total asset turnover.

---

Definitions:

Tibia

A large bone located in the lower leg, also known as the shinbone, that bears much of the body's weight.

Medial Malleolus

The bony prominence on the inner side of the ankle, forming part of the tibia bone.

Lateral Malleolus

The bony prominence on the outer side of the ankle, which is part of the fibula bone.

Fontanels

Soft spots on a baby's skull where the bones have not yet grown together, allowing for growth of the brain.