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Selected current year company information follows: Net income $ 17,053 Net sales 723,855 Total liabilities, beginning-year 94,932 Total liabilities, end-of-year 114,201 Total stockholders' equity, beginning-year
Selected current year company information follows:
Net income | $ | 17,053 | |
Net sales | 723,855 | ||
Total liabilities, beginning-year | 94,932 | ||
Total liabilities, end-of-year | 114,201 | ||
Total stockholders' equity, beginning-year | 209,935 | ||
Total stockholders' equity, end-of-year | 138,351 | ||
The total asset turnover is (Do not round intermediate calculations.):
Multiple Choice
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2.60 times.
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2.36 times.
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2.37 times.
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6.12 times.
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