Price Printing Co.had sales of $10 million,Operating Income of $3 million; After-tax income of $1 million; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $3 million.What is Price Printing Company's asset turnover?
A) .50x
B) 1.25x
C) 2.50x
D) 3.33x
E) .80x
Correct Answer:
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