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Use the Following Information for Questions 111 and 112

Question 40

Multiple Choice

Use the following information for questions 111 and 112:
For 2014, Hammer Company reports beginning of the year total assets of $900,000, end of the year total assets of $1,100,000, net sales of $750,000, and net income of $150,000.
-Hammer's 2014 asset turnover ratio is


A) 0.14 times.
B) 0.15 times.
C) 0.68 times.
D) 0.75 times.

Correct Answer:

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