Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places)

a. 0.40

b. 2.92

c. 0.34

d. 2.69

Question

Business

Ibrahim Franco

24 November, 02:58

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places)

a. 0.40

b. 2.92

c. 0.34

d. 2.69

+3

Answers (1)

Know the Answer?

Yamilet Herrera · Answer 1

Sales to asset ratio = 0.4

Explanation:

Giving the following information:

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000.

Sales to asset ratio = sales / total assets

Sales to asset ratio = 280,000/700,000 = 0.4

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places)a. 0.40b. 2.92c. 0.34d. 2.69

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places)

a. 0.40

b. 2.92

c. 0.34

d. 2.69