During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average total assets of $1,600,000.
Instructions
Calculate the asset turnover.

Question

Quizplus · Accepted Answer

The Answer of During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average total assets of $1,600,000.
Instructions
Calculate the asset turnover.

During 2015 Lopez Corporation Reported Net Sales of $3,200,000 and Net