   Chapter 15.III, Problem 19RE ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

#### Solutions

Chapter
Section ### Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

# The Organic Market had net sales of $650,000 last year. If the total assets of the company are$2,450,000. what is the asset turnover ratio? Asset turnover ratio =  Net sales Total asset =   650 , 000 2 , 450 , 000  =  .27 =  .27 : 1 _ _

To determine

To calculate: The assets turnover ratio of the company Organic market which has net sales of $650,000, total assets of$2,450,000.

Explanation

Given Information:

The company Organic market has net sales of $650,000, total assets of$2,450,000.

Formula used:

The formula to compute the asset turnover ratio is,

Asset turnover ratio=Net salesTotal assets

Calculation:

Consider net sales of $650,000, total assets of$2,450,000

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