Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
The total asset turnover is:
A) 2.24 times
B) 2.81 times
C) 3.64 times
D) 4.67 times
E) 6.28 times

Question

Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
 The total asset turnover is:
A) 2.24 times
B) 2.81 times
C) 3.64 times
D) 4.67 times
E) 6.28 times

Quizplus · Accepted Answer

The Answer of Selected current year company information follows: $\begin{array}{lr}
\text { Net income}&\$15,953\
\text {Net sales }&712,855\
\text { Total liabilities, beginning-year}&83,932\
\text {Total liabilities, end-of-year }&103,201\
\text {Total stockholders' equity, beginning-year }&198,935\
\text {Total stockholders' equity, end-of-year }&121,851\
\end{array}$
 The total asset turnover is:
A) 2.24 times
B) 2.81 times
C) 3.64 times
D) 4.67 times
E) 6.28 times

Selected Current Year Company Information Follows The Total Asset Turnover Is: A) 2

Selected Current Year Company Information Follows The Total Asset Turnover Is:
A) 2