Solved

Vente Had Gross Sales of $2,860 Million and Net Sales

Question 39

Multiple Choice

Vente had gross sales of $2,860 million and net sales of $2,730 million. Its average total assets for the period were $2,350 million. Vente's total asset turnover was:


A) 1.4.
B) .86.
C) 1.1.
D) .82.
E) 1.2.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q17: Vertical analysis includes tools used to compare

Q35: The acid-test ratio differs from the current

Q36: Fast-Tech Corp's common shares have a market

Q37: The debt ratio is used to:<br>A) Is

Q38: Three of the most common tools of

Q43: The ability to meet short-term obligations and

Q76: Dividend yield is calculated by dividing annual

Q89: The larger the times interest earned ratio,the

Q111: Decision makers and other users of financial

Q167: The four building blocks of financial statement