Question
A company had average total assets of $902,000. Its gross sales were $1,085,000 and its net sales were $995,000. The company's total asset turnover equals:
A company had average total assets of $902,000. Its gross sales were $1,085,000 and its net sales were $995,000. The company's total asset turnover equals:
a. 1.09.
b. 0.91.
c. 1.10.
d. 0.83
e. 1.25.
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Principles Of Auditing An Introduction To International Standards On Auditing
Authors: Rick Stephan Hayes, Roger Dassen, Arnold Schilder, Philip Wallage
2nd Edition
0273684108, 978-0273684107
