Ramone Company Had $600,000 in Net Sales for the Year

question 90

Multiple Choice

Ramone Company had $600,000 in Net Sales for the year 2010. The total assets at the beginning of the year were $240,000 and total assets at the end of the year were $280,000. The ratio of net sales to total assets is (round answer to 2 decimal places) :

• A) 2.31
• B) 1.15
• C) .43
• D) .87

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