Top Company's 2019 sales revenue was $200,000 and 2018 sales revenue was $180,000.Top's total assets as of December 31,2019 were $150,000 and total assets as of January 1,2019 were $130,000.What is Top's total asset turnover ratio?
A) 1.48
B) 1.33
C) 1.36
D) 1.43
Correct Answer:
Verified
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