The Appliance Division of Electrotech Corporation reported the following results for a recent year Sales $9,000,000 Expenses 7,500,000 Total assets (1/1) 6,000,000 Total assets (12/31) 6,200,000 Refer to the Appliance Division What was the asset turnover ratio of The Appliance Division?
a. 1.475
b. 3.48
c. 0.680
d. 1.23
A
$9,000,000/($((6,000,000 + 6,200,000)/2) = 1.475
You might also like to view...
Walgreens Drugstores buys a bottle of shampoo from a wholesaler for $3.25 and then places it on a shelf with a price tag of $4.64. What is Walgreens' markup on selling price (expressed as a percentage)?
A. 30 percent B. 48 percent C. 20 percent D. 43 percent E. 26 percent
Customer satisfaction (based on the ACSI) is highly related to the stock price of individual firms
Indicate whether the statement is true or false
In the case of a sales contract, damages are defined as the difference between the disposition
price and the original contract price. Indicate whether the statement is true or false
Article 2A of the UCC affords special treatment for consumer leases
a. True b. False Indicate whether the statement is true or false