Tulip Company has the following data available: $\begin{array}{llll}
&2X13&2X12&2X11\
\text { Sales (all credit sales) } & \$ 800 & \$ 740 & \$ 675 \
\text { Less Cost of Goods Sold } & \underline{525} & \underline{490} &450\
\text { Gross Profit }& \$ 275 &\$ 250 &\$ 225\
\end{array}$ $$\begin{array} { l l l l }
\text { Totel Liabilities } & \$ 125 & \$ 105 & \$ 85 \
\text { Totel Stockholders' Equity } & \$ 125 & \$ 110 & \$ 95
\end{array}$$ What is the total asset turnover for Tulip Company in 2X13? Has the total asset turnover improved or not improved since 2X12?
A)1.2,improved
B)1.2,not improved
C)3.2,improved
D)3.4,improved
E)3.4,not improved

Question

Tulip Company has the following data available: $\begin{array}{llll}
&2X13&2X12&2X11\
\text { Sales (all credit sales) } & \$ 800 & \$ 740 & \$ 675 \
\text { Less Cost of Goods Sold } & \underline{525} & \underline{490} &450\
\text { Gross Profit }& \$ 275 &\$ 250 &\$ 225\
\end{array}$ $$\begin{array} { l l l l } 
\text { Totel Liabilities } & \$ 125 & \$ 105 & \$ 85 \
\text { Totel Stockholders' Equity } & \$ 125 & \$ 110 & \$ 95
\end{array}$$ What is the total asset turnover for Tulip Company in 2X13? Has the total asset turnover improved or not improved since 2X12?
A)1.2,improved
B)1.2,not improved
C)3.2,improved
D)3.4,improved
E)3.4,not improved

Quizplus · Accepted Answer

The Answer of Tulip Company has the following data available: $\begin{array}{llll}
&2X13&2X12&2X11\
\text { Sales (all credit sales) } & \$ 800 & \$ 740 & \$ 675 \
\text { Less Cost of Goods Sold } & \underline{525} & \underline{490} &450\
\text { Gross Profit }& \$ 275 &\$ 250 &\$ 225\
\end{array}$ $$\begin{array} { l l l l } 
\text { Totel Liabilities } & \$ 125 & \$ 105 & \$ 85 \
\text { Totel Stockholders' Equity } & \$ 125 & \$ 110 & \$ 95
\end{array}$$ What is the total asset turnover for Tulip Company in 2X13? Has the total asset turnover improved or not improved since 2X12?
A)1.2,improved
B)1.2,not improved
C)3.2,improved
D)3.4,improved
E)3.4,not improved

Tulip Company Has the Following Data Available What Is the Total Asset Turnover for Tulip Company in (all