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The following financial statement data for the year ending December 31 are for Agency Company: 1 Sales $197.500 2 Total assets: Beginning of year End

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The following financial statement data for the year ending December 31 are for Agency Company: 1 Sales $197.500 2 Total assets: Beginning of year End of year 3 174,000 142,000 4 5 6 What is the asset turnover for the year? a. 1.39 b. 1.14 c. 1.25 d. 1.60 7 8 9 10 11 12 Cengage Learning Clothes 21 4 5 6

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