Assume the following data: Sales = 3,200; Cost of goods sold = 1,600; Total assets = 1,600; Inventory = 200. Calculate the asset turnover ratio.

Name: Assume the following data: Sales = 3,200; Cost of goods sold = 1,600; Total assets = 1,600; Inventory = 200. Calculate the asset turnover ratio.
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The asset turnover ratio is calculated as Sales divided by Total Assets. Given Sales = 3,200 and Total Assets = 1,600, the asset turnover ratio = 3,200 / 1,600 = 2.00.

Assume the Following Data: Sales = 3,200; Cost of Goods