Baker,IncHad Reported the Following Details for the Year Ended December

question 97

Multiple Choice

Baker,Inc.had reported the following details for the year ended December 31,2017:

The company's beginning total assets and liabilities were $16,000,000 and $9,700,000,respectively.Calculate the asset turnover ratio for 2017.

• A)2.19 times
• B)1.19 times
• C)1.72 times
• D)1.56 times

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