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During 2022, Richlieu Corporation reported:

-Richlieu's asset turnover ratio is
A)2.5 times.
B)1.9 times.
C)1.5 times.
D)1.3 times.

Question

Use the following information for questions 
During 2022, Richlieu Corporation reported:
 
-Richlieu's asset turnover ratio is
A)2.5 times. 
B)1.9 times. 
C)1.5 times. 
D)1.3 times.

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing net sales by average total assets. Without specific financial figures provided for Richlieu, it's impossible to accurately calculate the asset turnover ratio. Therefore, without additional context or numerical data, any choice provided would be a guess. The correct answer would depend on Richlieu's financial data, which has not been provided.

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