= The Generic 501(c)(3) Fund had revenue from contributions = $500,000, administrative expense = $125,000 program...

Transcribed Image Text:

= The Generic 501(c)(3) Fund had revenue from contributions = $500,000, administrative expense = $125,000 program service expenses = $360,000 paid interest of $10,000 and had an increase in net assets $5,000. They have cash = $30,000 accounts receivable = $20,000 inventory = $50,000 net fixed assets $100,000 accounts payable = $22,000 long-term debt = $88,000 and net assets = $90,000. Total Asset Turnover is = The Generic 501(c)(3) Fund had revenue from contributions = $500,000, administrative expense = $125,000 program service expenses = $360,000 paid interest of $10,000 and had an increase in net assets $5,000. They have cash = $30,000 accounts receivable = $20,000 inventory = $50,000 net fixed assets $100,000 accounts payable = $22,000 long-term debt = $88,000 and net assets = $90,000. Total Asset Turnover is

Answer rating: 100% (QA)

Total Asset Turnover is calculated by dividing total rev... View the full answer