Essay
A company had net sales of $230,000 for 2013 and $288,000 for 2014.The company's average total assets for 2013 were $150,000 and $180,000 for 2014.Calculate the total asset turnover for each year and comment on the company's efficiency in the use of its assets.
Correct Answer:
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2013: $230,000/$150,000 = 1.53
2014: $28...View Answer
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Correct Answer:
Verified
2014: $28...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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