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Ally's Company reported the following data: 2018 2019 Sales $3,000,000 $4,800,000 Net Income $300,000 $400,000 Assets at year end $1,800,000 $2,500,000 Liabilities at year end
Ally's Company reported the following data:
| 2018 | 2019 | |
| Sales | $3,000,000 | $4,800,000 |
| Net Income | $300,000 | $400,000 |
| Assets at year end | $1,800,000 | $2,500,000 |
| Liabilities at year end | $1,200,000 | $1,700,000 |
What is Allys asset turnover for 2019?
1.97
1.92
2.23
2.67
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
