Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset t
urnover equals:
2 answers:
Answer:
2.41
Explanation:
To calculate the asset turnover ratio,we need to divide net sales or revenue by the average total assets . In this particular case we have net sales of $35,400 million and ts average total assets for the period were $14,700 million . Please refer to the attachment for the formula and calculation .
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