Essay
A company had net sales of $230,000 for 2015 and $288,000 for 2016. The company's average total assets for 2015 were $150,000 and $180,000 for 2016. 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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2015: $230,000/$150,000 = 1.53
2016: $28...View Answer
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Correct Answer:
Verified
2016: $28...
View Answer
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