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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.
Answer:
$213
Explanation:
For computing the owed amount, first we have to compute the daily rate per day which is shown below:
= HOA fee ÷ number of days in a month
= $355 ÷ 30 days
= 11.83 per day
We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)
Now the owed amount would be
= Remaining days × per day rate
= 18 days × 11.83
= $213
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