Ratios: Total Asset Turnover Video Lessons

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Problem: If a company has sales of $500,000, cost of goods sold of $100,000, operating expenses of $100,000, average inventory of $8,000, average accounts receivable of $10,000, and average total assets of $35,000, what is its total asset turnover: a. 50 b. 20 c. 14.29 d. 8.57 e. None of the above

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If a company has sales of $500,000, cost of goods sold of $100,000, operating expenses of $100,000, average inventory of $8,000, average accounts receivable of $10,000, and average total assets of $35,000, what is its total asset turnover:

a. 50

b. 20

c. 14.29

d. 8.57

e. None of the above

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