AZ Sales has a total revenue of $318,400, cost of goods sold equal to 72 percent of sales, and a profit margin of 8.1 percent. Net fixed assets are $154,500 and current assets are $89,500. What is the total asset turnover rate?
A. 1.08
B. 1.38
C. 1.30
D. 1.24
E. 1.28
Ans: C. 1.30
Business
You might also like to view...
If an agency has relevant experience in a particular product category but not with the exact same product, then it creates a conflict of interest
Indicate whether the statement is true or false
Business
A steel maker needs 5,000,000 tons of coal next year. The current market price for coal is $70.00 per ton. At this price, the firm expects its EBIT to be $500 million
What will the firm's EBIT if the firm enters into a supply contract for coal for a fixed price of $72.00 per ton? A) $500 million B) $510 million C) $490 million D) $350 million
Business