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harina [27]
2 years ago
7

Maple Corp. had net sales of $204,550 for the year ended December 31, 2017. Its beginning and ending total assets were $83,200 a

nd $116,500, respectively. Determine Maple's asset turnover ratio for the year ended December 31, 2017. (Round your answer to two decimal places.)
A. 2.46 times
B. 2.05 times
C. 0.49 times
D. 1.16 times
Business
1 answer:
monitta2 years ago
6 0

Answer:

B. 2.05 times

Explanation:

Asset turnover ratio is computed by dividing net sales by average total assets

Given the following information about Maple Corp. for the year ended December 31, 2017

Beginning total assets = $83,200

Ending total assets = $116,500

Average total assets = (83,200+116,500)/2

                                  = 199700 /2

                                  = $99,850

net sales = $204,550

Asset turnover ratio = net sales/average total assets

                                 = $204,550/$99,850

                                 = 2.05 times

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The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
creativ13 [48]

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3 0
3 years ago
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natta225 [31]

Answer:

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Required rate of return is given by

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3 0
3 years ago
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Harman [31]
~Hello There!~

This period is referred to as the period of organogenesis.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤ 
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