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ASSET TURNOVER What is the formula? Net Sales/ Average Total Assets Calculate the ratio current year: 71,890/(141,208+133,411/2)= 0.52 or 52% Calculate the ratio for the

ASSET TURNOVER

What is the formula? Net Sales/ Average Total Assets

Calculate the ratio current year: 71,890/(141,208+133,411/2)= 0.52 or 52%

Calculate the ratio for the prior year: 70,074/ (133,411 + 130,358/2)= 0.53 or 53%)

Analyze the ratio trend

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