A Company Had Net Sales of $1,540,500 in 2015 and $1,495,000

question 117

Essay

A company had net sales of $1,540,500 in 2015 and $1,495,000 in 2016. Its average assets were
$810,000 for 2015 and $800,000 for 2016. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.

---

Definitions:

Cross-Functional Training

A training approach that provides employees with the opportunity to learn skills and functions different from their original role, enhancing versatility and understanding within an organization.

Essential Skills

Fundamental abilities necessary for work, learning, and life, such as literacy, numeracy, and critical thinking.

Productivity

The efficiency of production of goods or services, measured by the output per unit of input.

Racial Harassment

Unwanted conduct related to a person's race or ethnicity that violates their dignity or creates an intimidating, hostile, degrading, humiliating, or offensive environment.