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The following data are for Cosmo Corp: Accounts Receivable 5,000 Advertising Expense 1,600 Cash 500 Cost of Goods Sold 6,000 Inventory 3,000 Plant Assets 12,000
The following data are for Cosmo Corp:
Accounts Receivable | 5,000 |
Advertising Expense | 1,600 |
Cash | 500 |
Cost of Goods Sold | 6,000 |
Inventory | 3,000 |
Plant Assets | 12,000 |
Research Expense | 2,000 |
Sales | 20,000 |
Total Equity | 7,500 |
Total Liabilities | 13,000 |
Salaries and Wages Expense | 10,000 |
14) Compute Asset Turnover:
a) 1.67
b) 1.11
c) 0.98
d) 2.67
e) 1.54
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