Use the information above to answer the following question.If sales revenue for 2015 is $850,000,which of the following is closest to the asset turnover ratio for 2015?
A)0.68
B)0.63
C)0
D)0.74

Question

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing sales revenue by average total assets. If the average total assets are not provided, we assume the closest ratio given is based on the provided sales revenue.

Use the Information Above to Answer the Following Question