Maple Corp

question 156

Multiple Choice

Maple Corp.had net sales of $217,550 for the year ended December 31,2017.Its beginning and ending total assets were $94,200 and $113,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places. )

• A)0.48 times
• B)2.31 times
• C)1.08 times
• D)2.09 times

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