Question

Arshadi Corp.'s sales last year were $65,000, and its total assets were $22,000. What was its...

Arshadi Corp.'s sales last year were $65,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)?

Select the correct answer.

a. 3.85
b. 2.95
c. 6.55
d. 4.75
e. 5.65
0 0
Add a comment Improve this question Transcribed image text
Answer #1

total assets turnover ratio=Sales/Total assets

=65000/22000

which is equal to

=2.95(Approx).

Add a comment
Know the answer?
Add Answer to:
Arshadi Corp.'s sales last year were $65,000, and its total assets were $22,000. What was its...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT