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Financial data from an entitys financial statements at December 31, 20x4 and 20x5 is as follows: Dec 31, 20x5 Dec 31, 20x4 Total Assets $5648000
Financial data from an entitys financial statements at December 31, 20x4 and 20x5 is as follows:
| Dec 31, 20x5 | Dec 31, 20x4 |
Total Assets | $5648000 | $5293000 |
Revenue | 7614000 | 7044000 |
Net income | 476000 | 435000 |
What is the asset turnover for the year ended December 31, 20x5?
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