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QS 1 7 - 1 3 ( Algo ) Computing total asset turnover LO P 3 Dundee Company reported the following for the current year:

QS 17-13(Algo) Computing total asset turnover LO P3
Dundee Company reported the following for the current year:
\table[[Net sales,84,000],[Cost of goods sold,65,000],[Beginning balance of total assets,120,000],[Ending balance of total assets,90,000]]
Compute total asset turnover.
\table[[Total Asset Turnover],[Numerator:,1,Denominator:,=,Total Asset Turnover],[,1,,=,Total asset furnover],[,1,,=,times]]
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