Duncan reported net sales of $2,523 million and average total assets of $1,476 million. Its total asset turnover equals 1.71.
Answer the following statement true (T) or false (F)
True
Total Asset Turnover = Net Sales/Average Total Assets
Total Asset Turnover = $2,523/$1,476 = 1.71
You might also like to view...
In preparation for the employment interview, what should students do?
a. send out several resumes even to companies they are not interested in b. attend job fairs and do their homework on companies where they want to work c. take workshops on interviewing and eating etiquette d. ask their friends and teachers to coach them on how and where to interview
To determine whether a lottery winner would prefer to receive the money in a single lump sum immediately or receive an equal amount over a period of years, you would use which type of time value of money calculation?
a. The future value of a single amount. b. The present value of a single amount. c. The future value of an annuity. d. The present value of an annuity.
The term labels implies that the scale is metric, whereas the term levels implies that the scale is categorical
Indicate whether the statement is true or false
Which one of the following would not cause a bank to debit a company's account?
A) Bank service charge B) Collection of a note receivable C) Checks marked NSF D) Wiring of funds to other locations