Calculate the total asset turnover (sales / total assets) for the firm below. Sales 5000 COGS $1,200 Depreciation $800 Interest $500 Net Income $200 Total Assets 1400

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
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Calculate the total asset turnover (sales / total assets) for the firm below.

Sales 5000

COGS $1,200

Depreciation $800

Interest $500

Net Income $200

Total Assets 1400

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