Please calculate the asset turnover rate if sales = $18,000,000; cost of goods sold = $10,000,000; and total assets managed = $10,000,000:
A) 1.8.
B) .67.
C) 1.2.
D) 1.5.
E) .83.

Name: Please calculate the asset turnover rate if sales = $18,000,000; cost of goods sold = $10,000,000; and total assets managed = $10,000,000: A) 1.8. B) .67. C) 1.2. D) 1.5. E) .83.
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Question

Quizplus · Accepted Answer

The asset turnover rate is calculated by dividing sales by total assets managed. So, $18,000,000 / $10,000,000 = 1.8.

Please Calculate the Asset Turnover Rate If Sales = $18,000,000;