2017 2016 Answer Amounts Amounts Answer Net Sales Total Asset 65,872 1.54 60,906 1.55 Average Total Assets Turnover 42,890 39,344

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter3: Organizing And Financing A New Venture
Section: Chapter Questions
Problem 9DQ
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Comment on the changes between these two years.  More specifically, how do the changes in total asset turnover TATO ratio between 2017 and 2016 reflect changes in asset utilization efficiency and, other things equal, shareholder value

2017
2016
Answer
Amounts
Amounts
Answer
Transcribed Image Text:2017 2016 Answer Amounts Amounts Answer
Net Sales
Total Asset
65,872
1.54
60,906
1.55
Average Total Assets
Turnover
42,890
39,344
Transcribed Image Text:Net Sales Total Asset 65,872 1.54 60,906 1.55 Average Total Assets Turnover 42,890 39,344
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