The ratio of net sales to average total assets is calculated as:ACurrent Assets/Current Liabilities.BAverage Total Assets/Net Sales.Net Sales/Total Assets.DNet Sales/Average Total Assets.

The correct answer is D. Net sales / Average Total Assets

Answered: labili sets/Net Sale

Business

Accounting

labili sets/Net Sale

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 26MCQ

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Question

The ratio of net sales to average total assets is calculated as:
A
Current Assets/Current Liabilities.
B
Average Total Assets/Net Sales.
Net Sales/Total Assets.
D
Net Sales/Average Total Assets.

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