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Maple Corp. had net sales of $ 211 comma 550$211,550 for the year ended December 31, 2017. Its beginning and ending total assets were $
Maple Corp. had net sales of
$ 211 comma 550$211,550
for the year ended December 31, 2017. Its beginning and ending total assets were
$ 92 comma 200$92,200
and
$ 110 comma 500$110,500,
respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.)
A.
1.081.08
times
B.
0.480.48
times
C.
2.292.29
times
D.
2.092.09
times
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