Ask Question
BusinessBusiness
2 April, 03:43

Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the total asset turnover ratio for the business?

+2
Answers (1)
  1. 2 April, 07:30
    0
    2.20

    Explanation:

    The formula to compute the total assets turnover ratio is shown below:

    Total asset turnover = (Sales revenue : Total assets)

    = ($670 : $305)

    = 2.20

    We simply divide the sales revenue by the total assets, so that the total asset turnover ratio can be computed

    All other information which is given is not relevant. Hence, ignored it
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the total asset ...” 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
You Might be Interested in
The adjusted trial balance of Kingbird Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2020: Sales Revenue $800,400, Delivery Expense $13,100, Sales Returns and Allowances $25,720, and Sales Discounts
Answers (1)
Layla is applying for a position, in which she will coordinate the activities of the engineering and manufacturing departments to achieve a 5% reduction in defect rate.
Answers (1)
The five factors that will cause the demand curve to shift are
Answers (1)
the price of dog leashes increased 5% and the quantity demanded of dog collars decreased 7%. calculate the cross-price elasticity of demand for dog collars. round your answer to the nearest hundredth.
Answers (1)
Which of the following is also referred to as marketing communication ? A. Advertising strategy B. Promotion C. Channel of distribution D. The 4 Ps E. The marketing mix
Answers (1)
New Questions in Business
A manager demonstrates when he listens carefully to his subordinates and works to build trusting relationships.
Answers (1)
On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash.
Answers (1)
A. Assume that the risk-free rate is 8 percent, the required rate of return on the market (or an average-risk stock) is 13 percent, and the required rate of return on Acme Healthcare stock is 15 percent.
Answers (1)
taxes: a. are unlikely to affect market supply and demand b. are copmulsory payments to governments c. never affect efficiency in the allocation of resourcesd. are voluntary payments to governments
Answers (1)
Mycenaean Greece became more powerful after a. creating trade networks with Egypt b. war with Persia. c. destruction of Crete d. political consolidation in. the Dark Ages
Answers (1)
Home » Business » Shelli's Ski Super has sales of $670, net fixed assets of $210, total assets of $305, and current assets of $25. What is the total asset turnover ratio for the business?
Sign Up Forgot Password?