Maple Corp.had net sales of $200,550 for the year ended December 31,2015.Its beginning and ending total assets were $75,200 and $110,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2015.
A) 0.46 times
B) 2.67 times
C) 1.18 times
D) 2.16 times
Correct Answer:
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