Top Company's 2011 sales revenue was $200,000 and 2010 sales revenue was $180,000.Top's total assets as of December 31,2011 were $150,000 and total assets as of January 1,2011 were $130,000.What is Top's total asset turnover ratio?

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Average total assets = $140,000 = ($150,000 + $130,000) F1F1F1S1F1F1F10 2 Total asset turnover ratio = 1.43 = $200,000 F1F1F1S1F1F1F10 $140,000

Top Company's 2011 Sales Revenue Was $200,000 and 2010 Sales