A company reports sales revenue of $120 million this year and $110 million last year.Their total assets in the current year are $80 million and last year's total assets were $75 million.What is the current year's asset turnover ratio?
A)1.46
B)1.50
C)1.55
D)1.61

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The Answer of A company reports sales revenue of $120 million this year and $110 million last year.Their total assets in the current year are $80 million and last year's total assets were $75 million.What is the current year's asset turnover ratio?
A)1.46
B)1.50
C)1.55
D)1.61

A Company Reports Sales Revenue of $120 Million This Year