Calculate the total asset turnover (sales / total assets) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. Sales 6000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1300

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter5: Accounting For Retail Businesses
Section: Chapter Questions
Problem 3MAD: Compare Dollar Tree and Dollar General The asset turnover ratios for two recent years for Dollar...
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Calculate the total asset turnover (sales / total assets) for the firm below. Make sure you do NOT convert your answer and keep 2 decimals for your final answer.....for examples, if you calculate 6,000/400 = 15, you should enter 15 into BB to be marked correct. 

Sales 6000

COGS $1,200

Depreciation $800

Interest $500

Net Income $200

Total Assets 1300

 

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