Net sales for Aaron Company are $679,000 and total assets are $422,000. What is the asset turnover ratio?
A) 1.50 times
B) 1.61 times
C) 0.62 times
D) 2.32 times

Name: Net sales for Aaron Company are $679,000 and total assets are $422,000. What is the asset turnover ratio? A) 1.50 times B) 1.61 times C) 0.62 times D) 2.32 times
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Question

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing net sales by total assets. So, $679,000 / $422,000 = 1.61 times.

Net Sales for Aaron Company Are $679,000 and Total Assets