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A Company Had Net Sales of $541,500 in 2013 and $475,300

Question 197

Essay

A company had net sales of $541,500 in 2013 and $475,300 in 2014.Its average assets were $410,000 for 2013 and $400,000 for 2014.(1)Calculate the total asset turnover for each year.(2)Interpret and comment on the company's efficiency in the use of its assets.

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2013: $541,500/$410,000 = 1.32
2014: $47...

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