Solved

Maple Corp

Question 156

Multiple Choice

Maple Corp.had net sales of $217,550 for the year ended December 31,2017.Its beginning and ending total assets were $94,200 and $113,500,respectively.Determine Maple's asset turnover ratio for the year ended December 31,2017.(Round your answer to two decimal places. )


A) 0.48 times
B) 2.31 times
C) 1.08 times
D) 2.09 times

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q34: A lump-sum purchase or basket purchase involves

Q41: The asset turnover ratio is calculated by

Q151: On October 1,2017,Nurix,Inc.purchased a patent for $200,000

Q153: Safari Corporation has acquired a property that

Q154: Bingo Corporation has acquired a property that

Q157: Water Drops,Inc.purchased equipment for $200,000.The company recorded

Q158: Clayton,Inc.purchased a van on January 1,2016,for $830,000.Estimated

Q159: Roberts Construction Group paid $11,000 for a

Q160: For each of the following expenditures,indicate whether

Q161: Which of the following is included in