The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.
What is the ratio of sales to total assets for Diane Company?
A) 1.00
B) 2.94
C) 0.18
D) 0.34

Question

The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.    
What is the ratio of sales to total assets for Diane Company?
A) 1.00 
B) 2.94 
C) 0.18 
D) 0.34

Quizplus · Accepted Answer

The Answer of The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures and that all sales were on credit.    
What is the ratio of sales to total assets for Diane Company?
A) 1.00 
B) 2.94 
C) 0.18 
D) 0.34

The Following Information Pertains to Diane Company