Comacho Traders has total assets of $513,480 and sales of $723,062. What is the firm's capital intensity ratio? (Round to two decimal places.)

Name: Comacho Traders has total assets of $513,480 and sales of $723,062. What is the firm's capital intensity ratio? (Round to two decimal places.)
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Capital intensity ratio is calculated by dividing total assets by sales. 
Capital intensity ratio = Total assets/Sales 
= $513,480/$723,062 
= 0.71 (rounded to two decimal places) 
Therefore, the best choice is B.

Comacho Traders Has Total Assets of $513,480 and Sales of $723,062