The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. What is the ratio of net sales to total assets for this company? Round your answer to two decimal points.
A) 1.00
B) 1.89
C) 0.36
D) 0.29

Question

The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the ratio of net sales to total assets for this company? Round your answer to two decimal points.
A) 1.00 
B) 1.89 
C) 0.36 
D) 0.29

Quizplus · Accepted Answer

The Answer of The following information pertains to Carlton Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit.   What is the ratio of net sales to total assets for this company? Round your answer to two decimal points.
A) 1.00 
B) 1.89 
C) 0.36 
D) 0.29

The Following Information Pertains to Carlton Company