Extreme Sports Company and All Sports Corporation
Below is financial information for two sporting goods retailers.Extreme Sports Company operates a retail business and franchising business.At the end 2011, Extreme Sports had 263 Company-owned and 120 franchise-operated retail stores.Extreme's stores are located in suburban, strip mall and regional mall locations, the company operates in 32 states.All Sports Corporation sells sporting goods and related products at over 2,500 Company-operated retail stores.
Selected Data for All Sports and Extreme Sports
(amounts in millions)
-Refer to the information for Extreme Sports Company and All Sports Corporation.
Compute the Asset Turnover for All Sports.
A) 3.2%
B) 2.15
C) 8.9%
D) 1.1%
Correct Answer:
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