If sales revenue for 2012 is $850,000, what is the asset turnover ratio for 2012?
A) 68
B) 63
C) 0
D) 74

Name: If sales revenue for 2012 is $850,000, what is the asset turnover ratio for 2012? A) 68 B) 63 C) 0 D) 74
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Question

Quizplus · Accepted Answer

The asset turnover ratio is calculated by dividing sales revenue by average total assets. Since the question does not provide information about average total assets, the asset turnover ratio cannot be calculated.

If Sales Revenue for 2012 Is $850,000, What Is the Asset