Ask Question
9 April, 15:31

Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO) ?

+1
Answers (1)
  1. 9 April, 18:19
    0
    The correct answer is 2.36 times.

    Explanation:

    According to the scenario, Given data are as follows:

    Total sales (turnover) = $52,000

    Total assets = $22,000

    So, Total assets turnover ratio (TATO) can be calculated as follows:

    Total Assets Turnover Ratio = Turnover / Total assets

    TATO = $52,000 / $22,000

    TATO = 2.36 times.

    Hence, the correct answer is 2.36 times.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Arshadi Corp.'s sales last year were $52,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO) ? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers