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11.) Patterson Corporation began the year with assets of $7,000 and ended the year with assets of $9,000. During the year, Patterson earned revenues of
11.) Patterson Corporation began the year with assets of $7,000 and ended the year with assets of $9,000. During the year, Patterson earned revenues of $7,680, and incurred expenses of $5,680. Which of the following is Patterson's total asset turnover for the year?
Select one:
a. .96 times
b. 1.04 times
c. .63 times
d. 1.10 times
e. .85 times
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