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Hitman42 [59]
3 years ago
5

A company reports the following: Sales $6,750,000 Average total assets (excluding long-term investments) 2,500,000 Determine the

asset turnover ratio. If required, round your answer to one decimal place. fill in the blank 1
Business
1 answer:
Vinvika [58]3 years ago
6 0

Answer:

2.7

Explanation:

Calculation to Determine the asset turnover ratio

Using this formula

Asset Turnover = Sales/Average Total Assets

Let plug in the morning

Asset Turnover =$6,750,000/2,500,000

Asset Turnover =2.7

Therefore the asset turnover ratio is 2.7

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Answer:

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Explanation:

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Brown now has the right to seek an injunction - a court order controlling or restricting a person's behaviour - against Watkins on the basis of nuisance.

Watkins should comply

5 0
3 years ago
Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?
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Answer:

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balu736 [363]
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8 0
4 years ago
15. Physical counts of inventory: A) Are not necessary under the perpetual system. B) Are necessary to adjust the Inventory acco
Naily [24]

Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."

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5 0
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Read 2 more answers
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Explanation:

8 0
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