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Carson Inc  Sales $2000000 Net operating income 500000 Average operating assets 1200000\begin{array}{lr}\text { Sales } & \$ 2000000 \\\text { Net operating income } & 500000 \\\text { Average operating assets } & 1200000\end{array}

Question 39

Multiple Choice

Carson Inc.
Carson Inc. had the following information available at the end of its current year:
 Sales $2000000 Net operating income 500000 Average operating assets 1200000\begin{array}{lr}\text { Sales } & \$ 2000000 \\\text { Net operating income } & 500000 \\\text { Average operating assets } & 1200000\end{array}

-What was Carson's asset turnover for the year?


A) 2.4
B) .417
C) .25
D) 1.7

Correct Answer:

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