Aneko Company reports the following ($000s): net sales of $14,800 for 2017 and $13,990 for 2016; end-of-year
Question:
Aneko Company reports the following ($000s): net sales of $14,800 for 2017 and $13,990 for 2016; end-of-year total assets of $19,100 for 2017 and $17,900 for 2016. Compute its total asset turnover for 2017, and assess its level if competitors average a total asset turnover of 2.0 times.
Asset TurnoverAsset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Interpretation The Companys turnover of 080 time...View the full answer
Answered By
Mercy Kangai
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past seven years. I can bring value to your business and help solve your administrative assistant issues. I have extensive experience in marketing and small business management.
27+ Reviews
86+ Question Solved
Related Book For 
Fundamental Accounting Principles
ISBN: 978-1259536359
23rd edition
Authors: John Wild, Ken Shaw, Barbara Chiappett
Question Posted:
