Multiple Choice
At January 1, 2019, Bragg Company had total assets of $1,800,000 and at December 31, 2019, its total assets were $2,200,000. Bragg's net sales for 2019 were $3,700,000 and its 2019 net income was $110,000.
Bragg's asset turnover ratio for 2019 is:
A) 0.055
B) 0.050
C) 0.065
D) 1.850
Correct Answer:
Verified
Correct Answer:
Verified
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