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You have obtained the following information for Rides by Ronak. The tax rate is 34 percent. Cash $ 2,200 Net fixed assets 5,090 Accrued expenses

You have obtained the following information for Rides by Ronak. The tax rate is 34 percent.

Cash $ 2,200
Net fixed assets 5,090
Accrued expenses 150
Inventory 1,600
Long-term debt 5,130
Sales 9,700
Costs 5,600
Accounts payable 750
Depreciation 450
Interest paid 470
Accounts receivable 4,200
Dividends paid 400

What is the total asset turnover?

Multiple Choice

  • .26 times

  • .28 times

  • .16 times

  • .52 times

  • .74 times

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