Peda Inc. reports the following information: 2019 2018 Net sales $5,000 $4,200 Total assets $3,890 $3,670...
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Peda Inc. reports the following information:
2019 2018 Net sales $5,000 $4,200 Total assets $3,890 $3,670 What is the sales to total assets ratio in 2019?
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128%
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111%
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136%
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132%
Homework Answers
Correct answer----128%
Working
| A | Sales in 2019 | 5000 |
| B | Total Assets in 2019 | 3890 |
| C=A/B x 100 | Sales to total assets ratio | 128.53% |
Sales to total assets ratio indicates how much sales is generated for every dollar of asset in the company.
Add Answer to:
Peda Inc. reports the following information:
2019
2018
Net sales
$5,000
$4,200
Total assets
$3,890
$3,670...
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