14. Financial Statement Analysis
Ratios: Total Asset Turnover
Multiple Choice
Multiple ChoiceXYZ Company had net sales of $500,000 and COGS of $320,000. If the beginning balance of Total Assets was $300,000 and the ending balance in Total Assets was $400,000, what is the Total Asset Turnover ratio?
A
0.51
B
1.25
C
1.43
D
1.67
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