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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.

A. 1.25
B. 0.9375
C. 1.33
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User Contributed Comments 1

User Comment
danlan It's Sales/Average Total Assets=2000/1600=1.25
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets

CFA® 2024 Level I Curriculum, Volume 2, Module 7.