What was the total asset turnover in 2015?
A) 0.23
B) 0.25
C) 0.52
D) 0.57
E) 1.92

Name: What was the total asset turnover in 2015? A) 0.23 B) 0.25 C) 0.52 D) 0.57 E) 1.92
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Question

What was the total asset turnover in 2015?
A) 0.23 
B) 0.25 
C) 0.52 
D) 0.57 
E) 1.92

Quizplus · Accepted Answer

Total asset turnover is calculated by dividing net sales by total assets. In 2015, net sales were $14,520, and total assets were $27,783. Dividing gives a total asset turnover of 0.52.

What Was the Total Asset Turnover in 2015