Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000.What was its total assets turnover ratio (TATO)?
A) 2.03
B) 2.13
C) 2.25
D) 2.36
E) 2.48

Name: Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000.What was its total assets turnover ratio (TATO)? A) 2.03 B) 2.13 C) 2.25 D) 2.36 E) 2.48
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Question

Quizplus · Accepted Answer

The total assets turnover ratio (TATO) is calculated by dividing sales by total assets. For Arshadi Corp., this is $52,000 / $22,000 = 2.36.