A Company Had Net Sales of $541,500 in 2010 and $475,300

question 132

Essay

A company had net sales of $541,500 in 2010 and $475,300 in 2011. Its average assets were $410,000 for 2010 and $400,000 for 2011. (1) Calculate the total asset turnover for each year. (2) Interpret and comment on the company's efficiency in the use of its assets.

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Definitions:

Lowest Priority

The last or least important consideration or order in a list or sequence of actions.

American Association of Medical Assistants (AAMA)

A professional organization for medical assistants, providing certification, education, and support for its members.

National Certified Medical Assistant

A credential for medical assistants who have passed a national certification exam, validating their competencies in medical assisting.

National Healthcareer Association (NHA)

A certification organization for healthcare professionals, ensuring they meet predetermined standards for knowledge and skills in their fields.