Seidner,Inc.provides the following data:

Calculate the asset turnover ratio for 2017.(Round your answer to two decimal places. )
A)4.70 times
B)1.10 times
C)0.68 times
D)2.20 times

Name: Seidner,Inc.provides the following data: Calculate the asset turnover ratio for 2017.(Round your answer to two decimal places. ) A)4.70 times B)1.10 times C)0.68 times D)2.20 times
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Question

Seidner,Inc.provides the following data:

Calculate the asset turnover ratio for 2017.(Round your answer to two decimal places. )
A)4.70 times 
B)1.10 times 
C)0.68 times 
D)2.20 times

Quizplus · Accepted Answer

D)Asset turnover ratio = Net Sales / Average total assets = $540,000 / [($235,000 + $257,000)/ 2] = $540,000 / 246,000 = 2.20 times

Seidner,Inc.provides the Following Data