A Company Had Net Sales of $541,500 in 2010 and $475,300

question 132

Essay

A company had net sales of $541,500 in 2010 and $475,300 in 2011. Its average assets were $410,000 for 2010 and $400,000 for 2011. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.

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Definitions:

Influence Tactics

Strategies or methods used by individuals or groups to alter or guide the behavior or attitudes of others.

Influence Tactics

Strategies used by individuals to persuade or guide others' behaviors and attitudes towards desired outcomes.

Forming a Coalition

The process of bringing together multiple individuals or groups with a common interest to achieve a specific goal or undertake a joint initiative.