Our Business had the Following Information Related to 2019: Revenues 2019 =$4,500,000 and Revenues 2018 $4,200,000...

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Our Business had the Following Information Related to 2019: Revenues 2019 =$4,500,000 and Revenues 2018 $4,200,000 Net Income 2019 =$90,000 and Net Income 2018=$75,000 End Total Assets 2019 = $2,000,000 and End Total Assets 2018 = $1,000,000 Return on Assets Ratio = Net Income/Average Total Assets Assets Turnover Ratio = Sales Revenues/Average Total Asset Compute the Asset Turnover Ratio for 2019 Is this a Good or Bad Ratio for Most Retail Businesses? What is the Standard for a Good Asset Turnover Ratio 300.00% Bad Good Our Business had the Following Information Related to 2019: Revenues 2019 =$4,500,000 and Revenues 2018 $4,200,000 Net Income 2019 =$90,000 and Net Income 2018=$75,000 End Total Assets 2019 = $2,000,000 and End Total Assets 2018 = $1,000,000 Return on Assets Ratio = Net Income/Average Total Assets Assets Turnover Ratio = Sales Revenues/Average Total Asset Compute the Asset Turnover Ratio for 2019 Is this a Good or Bad Ratio for Most Retail Businesses? What is the Standard for a Good Asset Turnover Ratio 300.00% Bad Good

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