Please refer to Table 4-1 for the following questions.
Table 4-1
Stewart Company
Balance Sheet

-Based on the information in Table 4-1,the total asset turnover ratio is
A) 1.11.
B) 1.41.
C) 2.33.
D) 4.45.

Question

Please refer to Table 4-1 for the following questions.
Table 4-1
Stewart Company
Balance Sheet
 
-Based on the information in Table 4-1,the total asset turnover ratio is
A) 1.11. 
B) 1.41. 
C) 2.33. 
D) 4.45.

Quizplus · Accepted Answer

Total asset turnover ratio = Net sales / Average total assets = $1,210,000 / $1,090,000 = 1.11

Please Refer to Table 4-1 for the Following Questions