What is a firm's total asset turnover if its fixed assets are $120,000,current assets are $30,000,current liabilities are $44,000,sales were $200,000,and net income was $75,000?
A) 0.5 times
B) 2.2 times
C) 1.3 times
D) 2.0 times
E) 1.7 times

Question

Quizplus · Accepted Answer

Total asset turnover = 11ea7fdb_fc2e_9d49_a768_2ffaf1339e06_TB2902_11 Total asset turnover = 11ea7fdb_fc2e_9d4a_a768_2ba26591264e_TB2902_11 = 1.3

What Is a Firm's Total Asset Turnover If Its Fixed