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Basic Question 1 of 5
Given the following data: Sales = 2000; Cost of goods sold = 1500; Average total assets = 1600; Average inventory = 100, calculate the asset turnover ratio.
B. 0.9375
C. 1.33
A. 1.25
B. 0.9375
C. 1.33
User Contributed Comments 1
| User | Comment |
|---|---|
| danlan | It's Sales/Average Total Assets=2000/1600=1.25 |
I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2026 Level I Curriculum, Volume 2, Module 7.