Question
For 2017, Sale Company reported beginning total assets of $300,000 and ending total assets of $340,000. Its net income for this period was $50,000, and
For 2017, Sale Company reported beginning total assets of $300,000 and ending total assets of $340,000. Its net income for this period was $50,000, and its net sales were $400,000.
Compute the company's asset turnover for 2017.(Round answer to 2 decimal places, e.g. 1.25.)
Asset turnover
times
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
