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The Nate Co. has the following information: total assets are $800,000; Net Income was $120,000, Sales were $1,500,000; average total liabilities are $400,000; liabilities equals
The Nate Co. has the following information: total assets are $800,000; Net Income was $120,000, Sales were $1,500,000; average total liabilities are $400,000; liabilities equals $500,000; average total assets are $700,000. Its asset-turnover ratio is: 0.53 1.88 2.14 0.46
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