Maple Corp.had net sales of $201,550 for the year ended December 31,2017.Its beginning and ending total assets were $88,200 and $112,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.
A) 0.5 times
B) 2.29 times
C) 1.11 times
D) 2.01 times
Correct Answer:
Verified
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