Pokagon Store's 2019 financial statements show earnings before interest of $3,273 million, net income of $210 million, sales of $235,226 million, and average total assets of $65,025 million.
How much is Pokagon Store's asset turnover for the year?

Question

Quizplus · Accepted Answer

Asset turnover = Sales / Average total assets = $235,226 million / $65,025 million = 3.62

Pokagon Store's 2019 Financial Statements Show Earnings Before Interest of $3,273