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Home Q & A Board Other Fields Homework Help Business Accounting
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7 years ago
Roberts Logistics provides the following information:

Operating income   $1,500,000
Net sales   $14,000,000
Average total assets   $2,000,000
Management's target rate of return   25%

What is the company's asset turnover ratio? (Round your answer to two decimal places.)
A) 4.00
B) 12.44
C) 4.48
D) 7.00
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Deprecated Author
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#2
7 years ago
Makes perfect sense, thx
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#3
2 years ago
thank you
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