A company had average total assets of $970,000. Its gross sales were $1,114,000 and its net sales were $925,000. The company's total asset turnover equals:
A. 1.05.
B. 0.87.
C. 0.95.
D. 1.20.
E. 1.10.
Answer: C
You might also like to view...
What effect does depreciation have on the calculation of the rate of return on total assets?
A) affects both the numerator and denominator B) no effect C) increases the outcome D) decreases the outcome
A task force is an example of a long-standing team or group
Indicate whether the statement is true or false
Wang Co. manufactures and sells a single product that sells for $450 per unit; variable costs are $270 per unit. Annual fixed costs are $800,000. Current sales volume is $4,200,000. Compute the break-even point in dollars.
A. $2,640,000. B. $1,304,348. C. $1,740,000. D. $4,202,899. E. $2,000,000.
Which of the following is a feature of persuasive communication??
A) ?It is only applicable to verbal communication. B) ?It is an attempt to trap someone into taking action favorable to the communicator. C) ?It involves an honest presentation of information. D) ?It involves techniques that are usually hard to sell.