What is the asset turnover ratio for 2011?
A) 3.80
B) 4.67
C) 4.19
D) 3.23

Name: What is the asset turnover ratio for 2011? A) 3.80 B) 4.67 C) 4.19 D) 3.23
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Question

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing net sales by total assets. In this case, net sales for 2011 are $525,000 and total assets are $1,250,000. Dividing $525,000 by $1,250,000 gives a ratio of 0.42 or 4.19 when expressed as a percentage. Therefore, the answer is C.

What Is the Asset Turnover Ratio for 2011