The following information was available for the year ended December 31, 2019: $$\begin{array} { l r }
\text { Sales } & \$ 300,000 \
\text { Net incone } & 50,000 \
\text { Average total assets } & 750,000 \
\text { Average total stockholders' equity } & 500,000
\end{array}$$ Turnover for the year ended December 31, 2019 was:
A)0.2
B)0.4
C)0.5
D)0.8

Question

The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } 
\text { Sales } & \$ 300,000 \
\text { Net incone } & 50,000 \
\text { Average total assets } & 750,000 \
\text { Average total stockholders' equity } & 500,000
\end{array}$$ Turnover for the year ended December 31, 2019 was:
A)0.2
B)0.4
C)0.5
D)0.8

Quizplus · Accepted Answer

The Answer of The following information was available for the year ended December 31, 2019: $$\begin{array} { l r } 
\text { Sales } & \$ 300,000 \
\text { Net incone } & 50,000 \
\text { Average total assets } & 750,000 \
\text { Average total stockholders' equity } & 500,000
\end{array}$$ Turnover for the year ended December 31, 2019 was:
A)0.2
B)0.4
C)0.5
D)0.8

The Following Information Was Available for the Year Ended December