Use the information above to answer the following question.Which of the following is closest to the company's asset turnover ratio for the current year?
A)0.50
B)1.51
C)1.80
D)2.00

Question

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing the company's total sales or revenue by its average total assets. The choice closest to the calculated ratio based on the provided information is 1.51.

Use the Information Above to Answer the Following Question