Laverde Corporation has provided the following data: $\begin{array}{cc}
&\text { Year 2 } & \text { Year 1 } \
\text {Inventory. }&\$ 185,000 & \$ 200,000 \
\text {Total assets. }&\$ 1,489,000 & \$ 1,470,000 \
\text {Sales }&\$ 1,220,000 &
\end{array}$ The company's total asset turnover for Year 2 is closest to:
A)1.22
B)7.60
C)0.13
D)0.82

Question

Quizplus · Accepted Answer

The Answer of Laverde Corporation has provided the following data: $\begin{array}{cc}
&\text { Year 2 } & \text { Year 1 } \
\text {Inventory. }&\$ 185,000 & \$ 200,000 \
\text {Total assets. }&\$ 1,489,000 & \$ 1,470,000 \
\text {Sales }&\$ 1,220,000 &
\end{array}$ The company's total asset turnover for Year 2 is closest to:
A)1.22
B)7.60
C)0.13
D)0.82

Laverde Corporation Has Provided the Following Data The Company's Total Asset Turnover for Year 2 Is Closest