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liberstina [14]
2 years ago
7

Last year's asset turnover ratio was 2.0. Sales have increased by 25% and total assets have increased by 10% since that time. Wh

at is the current asset turnover ratio?
a. 1.82
b. 2.05
c. 2.15
d. 2.27
Business
1 answer:
Dmitriy789 [7]2 years ago
6 0

Answer: d. 2.27

Explanation:

Asset Turnover = Total sales / Average Assets

Last years turnover ratio was 2.0 so assume Sales were $20 and Assets were $10 which would give the turnover of 2.0

The new turnover would be;

= (20 * 1.25)/(10 * 1.1)

= 25/11

= 2.27

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Answer:

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