Question
During 2020, Roy Corporation reported net sales of 3,750 and net income of 2,250. Roy also reported beginning total assets of 1,000 and ending total
During 2020, Roy Corporation reported net sales of 3,750 and net income of 2,250. Roy also reported beginning total assets of 1,000 and ending total assets of 1,500. Roys asset turnover is
A. 3.8 times.
B. 3.0 times.
C. 2.5 times.
D. 1.8 times.
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Audit And Business Performance
Authors: BELAMKADDAM HAMZA
1st Edition
6205444062, 978-6205444061
