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Posted on Sep 16, 2024

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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