Ratios: Total Asset Turnover Video Lessons

Concept

# Problem: Owl buttons had gross sales of $500,000, net sales of$400,000 and average total assets of $100,000. What was its total asset turnover ratio? a. 1/5 b. 1/4 c. 4.0 d. 5.0 ###### FREE Expert Solution ###### Problem Details Owl buttons had gross sales of$500,000, net sales of $400,000 and average total assets of$100,000. What was its total asset turnover ratio?

a. 1/5

b. 1/4

c. 4.0

d. 5.0

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