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Helga [31]
3 years ago
13

Spears Co. had net sales of $53,404 million. Its average total assets for the period were $16,302 million. Spears' total asset t

urnover equals:
Business
1 answer:
liraira [26]3 years ago
7 0
Given:
net sales = 53,404,000,000
Average total assets = 16,302,000,000

Total asset turnover is calculated by divided net sales by the average total assets.

Total asset turnover = net sales / average total assets 
T.A.O = 53,404,000,000 / 16,302,000,000
T.A.O = 3.2759 OR 3.3

The total asset turnover indicates the company's ability to efficiently deploy its asset in generating revenue. 
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