Practice: XYZ 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?
Concept #1: Ratios: Total Asset Turnover
Practice: XYZ 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?
Practice: ABC Company had $200,000 in Net Sales and Gross Profit of $80,000. If Total Assets equaled $400,000, what is the Total Asset Turnover ratio?
