A company has revenues of $700,000; invested capital of $3,000,000; total debt of $ 1,500,000 of which it pays 2.5% interest; current,long-term,and other assets totalling $4,000,000; and total expenses of $550,000.What is the company's total asset turnover?

Question

Quizplus · Accepted Answer

Total asset turnover = Revenues / Total assets = $700,000 / $4,000,000 = 0.1750

A Company Has Revenues of $700,000; Invested Capital of $3,000,000;