The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's asset turnover ratio for 2009 is
A)1.79.
B)1.63.
C)1.34.
D)2.58.
E)None of the options

Name: The financial statements of Black Barn Company are given below. Refer to the financial statements of Black Barn Company.The firm's asset turnover ratio for 2009 is A)1.79. B)1.63. C)1.34. D)2.58. E)None of the options
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Question

The financial statements of Black Barn Company are given below.  Refer to the financial statements of Black Barn Company.The firm's asset turnover ratio for 2009 is
A)1.79. 
B)1.63. 
C)1.34. 
D)2.58. 
E)None of the options

Quizplus · Accepted Answer

$8,000,000/[($6,440,000 + $5,500,000)/2] = 1.34.

The Financial Statements of Black Barn Company Are Given Below