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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
Baker, Inc. had reported the following details for the year ended December 31, 2017:

Net sales   $25,450,000
Total assets   17,700,000
Total liabilities   10,300,000

The company's beginning total assets and liabilities were $14,400,000 and $9,200,000, respectively. Calculate the asset turnover ratio for 2017.
A) 1.59 times
B) 1.56 times
C) 2.10 times
D) 1.20 times
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
7 years ago
Happy to help Smiling Face with Open Mouth
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#4
4 years ago
thank you!
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