Multiple Choice
During 2015, Stein Corporation reported net sales of $5,000,000 and net income of $2,100,000. Stein also reported beginning total assets of $1,000,000 and ending total assets of $1,500,000. Stein's asset turnover is
A) 5.0 times.
B) 4.0 times.
C) 3.3 times.
D) 1.7 times.
Correct Answer:
Verified
Correct Answer:
Verified
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