Assume the following data: Sales = 3,200; Cost of goods sold = 1,600; Total assets = 1,600; Inventory = 200.Calculate the asset turnover ratio.
A) 2
B) 0.94
C) 1.33
D) 1
Correct Answer:
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Q25: Assume the following data: Sales = 3,200;
Q26: Assume the following data: EBIT = 400;
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