Ratios: Total Asset Turnover Video Lessons

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Problem: Current year sales revenues total $1,250,000. The total assets at the end of the previous year totaled $900,000. Total assets at the end of the current year totaled $980,000. What is the asset turnover ratio? A) 1.330 B) 1.389 C) 1.276 D) 1.156

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Problem Details

Current year sales revenues total $1,250,000. The total assets at the end of the previous year totaled $900,000. Total assets at the end of the current year totaled $980,000. What is the asset turnover ratio?

A) 1.330

B) 1.389

C) 1.276

D) 1.156

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