The following data is from Gauthier Machine Shop:
$$\begin{array} { l c c c }
& 2011 & 2010 & 2009 \
\text { Total Assets } & \$ 500,000 & \$ 475,000 & \$ 450,000 \
\text { Total Liabilities } & \$ 200,000 & \$ 190,000 & \$ 170,000 \
\text { Total Stockholders' Equity } & \$ 300,000 & \$ 285,000 & \$ 280,000 \
\text { Sales } & \$ 1,000,000 & \$ 900,000 & \$ 820,000 \
\text { Net income } & \$ 140,000 & \$ 120,000 & \$ 110,000
\end{array}$$ Compute Gauthier Machine Shop's total asset turnover ratio for 2011 and 2010.

Question

The following data is from Gauthier Machine Shop:
 $$\begin{array} { l c c c } 
& 2011 & 2010 & 2009 \
\text { Total Assets } & \$ 500,000 & \$ 475,000 & \$ 450,000 \
\text { Total Liabilities } & \$ 200,000 & \$ 190,000 & \$ 170,000 \
\text { Total Stockholders' Equity } & \$ 300,000 & \$ 285,000 & \$ 280,000 \
\text { Sales } & \$ 1,000,000 & \$ 900,000 & \$ 820,000 \
\text { Net income } & \$ 140,000 & \$ 120,000 & \$ 110,000
\end{array}$$ Compute Gauthier Machine Shop's total asset turnover ratio for 2011 and 2010.

Quizplus · Accepted Answer

The Answer of The following data is from Gauthier Machine Shop:
 $$\begin{array} { l c c c } 
& 2011 & 2010 & 2009 \
\text { Total Assets } & \$ 500,000 & \$ 475,000 & \$ 450,000 \
\text { Total Liabilities } & \$ 200,000 & \$ 190,000 & \$ 170,000 \
\text { Total Stockholders' Equity } & \$ 300,000 & \$ 285,000 & \$ 280,000 \
\text { Sales } & \$ 1,000,000 & \$ 900,000 & \$ 820,000 \
\text { Net income } & \$ 140,000 & \$ 120,000 & \$ 110,000
\end{array}$$ Compute Gauthier Machine Shop's total asset turnover ratio for 2011 and 2010.

The Following Data Is from Gauthier Machine Shop Compute Gauthier Machine Shop's Total Asset Turnover Ratio for 2011