$\begin{array}{l}
\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\
\begin{array} { l r }
\text { Accounts payable } & \$ 60,000 \
\text { Accrued expenses } & 40,000 \
\text { Long-term debt } & 130,000 \
\text { Common stock } & 80,000 \
\text { Retained earnings } & \underline { 100,000 } \
\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }
\end{array}
\end{array}$

-What is Megaframe Computer's total asset turnover?
A) 3.68x.
B) 3.18x.
C) 2.00x.
D) 1.71x.

Question

$\begin{array}{l}
\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\
\begin{array} { l r } 
\text { Accounts payable } & \$ 60,000 \
\text { Accrued expenses } & 40,000 \
\text { Long-term debt } & 130,000 \
\text { Common stock } & 80,000 \
\text { Retained earnings } & \underline { 100,000 } \
\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }
\end{array}
\end{array}$

-What is Megaframe Computer's total asset turnover?
A) 3.68x. 
B) 3.18x. 
C) 2.00x. 
D) 1.71x.

Quizplus · Accepted Answer

The Answer of 
$\begin{array}{l}
\text { LIABILITIES AND SHAREHOLDERS' EQUITY }\
\begin{array} { l r } 
\text { Accounts payable } & \$ 60,000 \
\text { Accrued expenses } & 40,000 \
\text { Long-term debt } & 130,000 \
\text { Common stock } & 80,000 \
\text { Retained earnings } & \underline { 100,000 } \
\text { Total Liabilities and Shareholders' Equity } & \underline { \$ 410,000 }
\end{array}
\end{array}$

-What is Megaframe Computer's total asset turnover?
A) 3.68x. 
B) 3.18x. 
C) 2.00x. 
D) 1.71x.

-What Is Megaframe Computer's Total Asset Turnover? A) 3

-What Is Megaframe Computer's Total Asset Turnover?
A) 3