A firm with total liabilities and owners' equity of $100,000 and net sales of $50,000 would have a total asset turnover of:

Name: A firm with total liabilities and owners' equity of $100,000 and net sales of $50,000 would have a total asset turnover of:
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Question

Quizplus · Accepted Answer

Total asset turnover is calculated by dividing net sales by total assets. 
However, the total assets have not been given in the question. Therefore, we cannot calculate total asset turnover with the information given.

A Firm with Total Liabilities and Owners' Equity of $100,000