Question
Huntdancer, Ltd has net income of USD 12.76 million and net revenue of USD 88 million in 2022. Its assets are USD 14 million at
Huntdancer, Ltd has net income of USD 12.76 million and net revenue of USD 88 million in 2022. Its assets are USD 14 million at the beginning of the year and USD 18 million at the end of the year. What is Huntdancers asset turnover? Hint: asset turnover compares revenues with total average assets of the company.
Huntdancer, Ltd has net income of USD 12.76 million and net revenue of USD 88 million in 2022. Its assets are USD 14 million at the beginning of the year and USD 18 million at the end of the year. What is Huntdancers asset turnover? Hint: asset turnover compares revenues with total average assets of the company.
A. 3 times
B. 4 times
C. 5.5 times
D. 4.2 times
E. I don't know / I don't remember.
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Quality And GMP Auditing Clear And Simple
Authors: James L. Vesper
1st Edition
0367400901, 978-0367400903
