If sales for 2015 are $4,000,000 and for 2016 are $6,000,000, and total assets at the end of 2015 are $1,000,000 and at the end of 2016 are $2,000,000, the asset turnover period ratio for 2016 is:
A) 91 days.
B) 146 days.
C) 109 days.
D) 1460 days.
Correct Answer:
Verified
Q44: The statement concerning financial ratios that is
Q45: If gross profit is $540,000, interest expense
Q46: Dividends announced during the period ÷ the
Q47: Sports Ltd reports the following information:
Q48: Which of these ratios measure returns to
Q50: The ratio which is considered to be
Q51: From the following information calculate Moore Ltd's
Q52: Which of these ratios is not directly
Q53: The statement that is not correct is:
A)
Q54: The following information was extracted from the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents