Multiple Choice
During 2019, Belmont, Inc. had net sales of $19,880,000 and net income of $2,430,000. Total assets were $13,800,000 at January 1, 2019 and $16,200,000 at December 31, 2019.
Belmont's asset turnover for 2019 is:
A) 1.405
B) 0.182
C) 0.196
D) 1.325
Correct Answer:
Verified
Correct Answer:
Verified
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