1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lena [83]
4 years ago
5

A firm with $600,000 in sales, cash on hand of $750,000, liabilities of $200,000 and total assets of $1 million has a total asse

t turnover of ______ times.
Business
1 answer:
RideAnS [48]4 years ago
5 0

Answer:

 Total Asset Turnover = 0.6 times

                       

Explanation:

Total Asset Turnover = $600,000/$1,000,000

Total Asset Turnover = 0.6 times

It measures the efficiency of a company's use of its assets in generating sales revenue or sales income to the company. Companies with low profit margins tend to have high asset turnover, while those with high profit margins have low asset turnover.

It is an important financial ratio used to understand how well the company is utilizing its assets to generate revenue.

You might be interested in
Help please!!!! will mark brainlest!!
alina1380 [7]
Answer:

For centuries the guideline for business transactions was the Latin term “caveat emptor” (let the buyer beware). This principle suggests that the seller is not responsible for the buyer’s welfare. In other words such principle gives the buyer the sole responsibility for checking the quality and suitability of the goods that he is buying from the seller before making a final purchase.
6 0
3 years ago
When drawing a histogram it is important to
mel-nik [20]
D, label the vertical axis so the reader can determine the counts or percent in each class interval.
8 0
3 years ago
Which type of account typically has very high liquidity, low or no interest, and low minimum balance?
oksian1 [2.3K]
A Checking Account would.
3 0
3 years ago
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
stepan [7]

Answer:

Primary data

Explanation:

Since the available secondary data are not sufficient for the marketing research study, Chun Hei must collect primary data.

Primary data unlike secondary data are data that were not in existence beforehand. Such a data can not be found in any journals, books, websites or data sites. To get primary data a researcher has to go into the field and they can collect these data through questionnaires, surveys or interviews. Chun Hei will get the information she needs from first hand sources.

5 0
4 years ago
Brick and carmen are in an auto accident. Brick offers carmen $2,000 if she promises not to pursue her potential legal claim aga
zloy xaker [14]

Answer:

a. ​a release

Explanation:

Based on the scenario being described within the question it can be said that the agreement between Brick and Carmen is known as a release. This is a contract or agreement in which the individual accepting, agrees that they have absolutely no claim against the party that is named in the release. Which in this case would be Brick since he is the one that has offered Carmen $2,000 to not pursue any legal claim against him.

8 0
3 years ago
Other questions:
  • Powell Company began the Year 3 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retain
    14·1 answer
  • A real estate salesperson is often approached by home buyers of a particular race. His usual practice is to show them homes in n
    10·1 answer
  • Rozella’s income statement is as follows:
    5·1 answer
  • Select the answer that best describes opportunity cost:
    8·2 answers
  • If the marginal social benefit (MSB) is greater than the marginal private benefit, the market outcome is___________.A. efficient
    6·1 answer
  • In economics, economic surplus is calculated as the sum of producer surplus and consumer surplus. It is mainly the gain that pro
    8·1 answer
  • By adding new product lines beyond its core business of computer software, like the Surface Pro tablet and Xbox 360 game system,
    11·1 answer
  • "An officer of MNO Corporation wishes to sell stock under Rule 144. MNO has 50,000,000 shares outstanding. The previous weeks' t
    7·1 answer
  • Income multipliers:
    5·1 answer
  • The profit-maximizing perfectly competitive firm charges a price equal to __________ while the profit-maximizing monopolistic co
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!