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Bountiful Company had sales of $650,000 and cost of merchandise sold of $200,000 during a year. The total assets balance at the beginning of the
Bountiful Company had sales of $650,000 and cost of merchandise sold of $200,000 during a year. The total assets balance at the beginning of the year was $175,000 and at the end of the year was $167,000. Calculate the ratio of sales to total assets.
A)3.00 | |
B)3.80 | |
C)0.29 | |
D)0.26 |
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