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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
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.26 times
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.28 times
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.16 times
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.52 times
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.74 times
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