Pizza,Inc.provides the following data:

For the year ending December 31,2019:

Calculate the asset turnover ratio for 2019.There are no cash sales.(Round your answer to two decimal places. )

Question

Pizza,Inc.provides the following data:

For the year ending December 31,2019:

Calculate the asset turnover ratio for 2019.There are no cash sales.(Round your answer to two decimal places. )

Quizplus · Accepted Answer

D)
Asset turnover ratio = Net Sales / Average total assets = $510,000 / [($250,000+ $257,000)/ 2]
= $510,000 / 253,500 = 2.01 times

Pizza,Inc.provides the Following Data