MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU 2020 Formula Asset turnover ratio= Given Net Sales = 84,343 Total Assets = 124,028 Solution Asset turnover ratio Asset turnover Net Sales Average Total Assets 84,343 124,028 Answer Asset turnover ratio = 0.68 2019 Net Sales = 92,568 Total Assets = 127,940 Asset turnover ratio= 92,568 127,940 Asset turnover ratio = 0.724

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 52CE: Asset Efficiency Ratios Selected financial statement numbers for Rutherford Company follow....
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MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW.
I WILL UPVOTE. THANK YOU
2020
Formula Asset turnover ratio =
Given Net Sales 84,343
Asset turnover
Net Sales
Average Total Assets
Total Assets = 124,028
Solution Asset turnover ratio =
84,343
124,028
Answer Asset turnover ratio = 0.68
2019
Net Sales = 92,568
Total Assets = 127,940
Asset turnover ratio =
92,568
127,940
Asset turnover ratio = 0.724
Transcribed Image Text:MAKE AN INTERPRETATION AND ANALYSIS FOR THIS TABLE BELOW. I WILL UPVOTE. THANK YOU 2020 Formula Asset turnover ratio = Given Net Sales 84,343 Asset turnover Net Sales Average Total Assets Total Assets = 124,028 Solution Asset turnover ratio = 84,343 124,028 Answer Asset turnover ratio = 0.68 2019 Net Sales = 92,568 Total Assets = 127,940 Asset turnover ratio = 92,568 127,940 Asset turnover ratio = 0.724
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