You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent.

What is the total asset turnover?
A)0.86 times
B)1.17 times
C)1.39 times
D)0.92 times
E)1.05 times

Name: You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent. What is the total asset turnover? A)0.86 times B)1.17 times C)1.39 times D)0.92 times E)1.05 times
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Question

You have obtained the following information for Blue Bell Farms.The tax rate is 34 percent.

What is the total asset turnover?
A)0.86 times 
B)1.17 times 
C)1.39 times 
D)0.92 times 
E)1.05 times

Quizplus · Accepted Answer

Total asset turnover = $3,850 / ($124 + $518 + $1,027 + $2,498)= 0.92 times

You Have Obtained the Following Information for Blue Bell Farms