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In 2018 a company reported the following (in millions of dollars): Net Sales - $2.31 Cost of Goods Sold: $4.25 Income Taxes: $1.39 As of
In 2018 a company reported the following (in millions of dollars):
Net Sales - $2.31
Cost of Goods Sold: $4.25
Income Taxes: $1.39
As of December 31, 2018 the company had $0.75 in cash and securities, $1.09 in accounts receivable, and $1.64 in inventory.
It owed $1.11 in current liabilities and $2.12 in long-term debt.
Calculate the asset turnover.
Enter the answer as a percentage, without the % symbol. Maintain 2 places after the decimal point. For example, 0.1234 must be entered as 12.34.
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