Question
National Beverage Corporation innovatively develops, produces, markets and sells a distinctive portfolio of sparkling waters, juices, energy drinks and carbonated soft drinks primarily in the
National Beverage Corporation innovatively develops, produces, markets and sells a distinctive portfolio of sparkling waters, juices, energy drinks and carbonated soft drinks primarily in the United States and Canada. Its brands include LaCroix, Shasta Sparkling Water, and Rip It energy drinks. National Beverage Corporation presented the following information in its most recent consolidated financial statements (amounts in thousands):
What is National Beverage Corporations asset turnover for its most recent fiscal year ended April 28, 2018? Recall that asset turnover is calculated as net sales divided by average total assets (note that beginning total assets at April 29, 2017 were $353,983 thousand).
A. | 2.76 times | |
B. | 2.40 times | |
C. | 0.33 times | |
D. | 2.13 times |
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