Question 5\

3pts

\ Rivertown Stores has total revenue of

$285,400

, cost of goods sold equal to 68 percent of sales, and a profit margin of 9.2 percent. Net fixed assets are

$126,400

and current assets are

$65,880

. What is the total asset turnover rate?\ 4.81\ 1.48\ 1.30\ 1.01\ 1.84

Rivertown Stores has total revenue of $285,400, cost of goods sold equal to 68 percent of sales, and a profit margin of 9.2 percent. Net fixed assets are $126,400 and current assets are $65,880. What is the total asset turnover rate? 4.81 1.48 1.30 1.01 1.84