On January 1,2011,a company has assets of $16 billion and shareholders' equity of $8 billion.On January 1,2012,the same company has assets of $20 billion and shareholders' equity of $9 billion.During 2011,the company had total sales revenue of $900 million and total expenses of $700 million.The company's asset turnover ratio for 2011 is:

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The Answer of On January 1,2011,a company has assets of $16 billion and shareholders' equity of $8 billion.On January 1,2012,the same company has assets of $20 billion and shareholders' equity of $9 billion.During 2011,the company had total sales revenue of $900 million and total expenses of $700 million.The company's asset turnover ratio for 2011 is:

On January 1,2011,a Company Has Assets of $16 Billion and Shareholders