Multiple Choice
Maple Company had net sales of $200,550 for the year ended December 31, 2015. Its beginning and ending total assets were $75,200 and $110,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2015.
A) 0.46 times
B) 2.67 times
C) 1.18 times
D) 2.16 times
Correct Answer:
Verified
Correct Answer:
Verified
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