-Refer to Table 4 -2. The Total Asset Turnover ratio for 2008 was approximately
A) 4.16.
B) 1.52.
C) 2.37.
D) 2.22.

Question

-Refer to Table 4 -2. The Total Asset Turnover ratio for 2008 was approximately
A) 4.16. 
B) 1.52. 
C) 2.37. 
D) 2.22.

Quizplus · Accepted Answer

The Total Asset Turnover ratio is calculated by dividing the net sales or revenues by the total assets. Without the specific figures from Table 4-2, the correct answer cannot be determined directly from the provided information. However, given the choices, if B is identified as the correct answer, it means the calculation based on the data in Table 4-2 resulted in approximately 1.52.