Tri-Sports Had Net Sales of $765,000 and Average Total Assets

question 116

Short Answer

Tri-Sports had net sales of $765,000 and average total assets of $658,225.Calculate the total asset turnover.

---

Definitions:

High Tech Cures

Refers to advanced medical treatments and diagnostics that utilize cutting-edge technology and research.

Modern Medicine

A branch of medicine which is based on science, that uses the latest technology and practices for the diagnosis, treatment, and prevention of disease.

Emphasis

Special importance, value, or prominence given to something.

Non-Hispanic Whites

Individuals residing in the United States who are of European descent and do not identify themselves as Hispanic or Latino.