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During 2017, Flint Corporation reported net sales of $2000000, net income of $860000, and depreciation expense of $150000. Flint also reported beginning total assets of
During 2017, Flint Corporation reported net sales of $2000000, net income of $860000, and depreciation expense of $150000. Flint also reported beginning total assets of $1010000, ending total assets of $1340000, plant assets of $590000, and accumulated depreciation of $750000. Flints asset turnover (rounded) is
a. 1.70 times.
b. 1.98 times
c. 0.78 times.
d. 1.49 times.
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