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Basic Question 0 of 6

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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Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

compare the financial reporting of the following types of intangible assets: purchased, internally developed, and acquired in a business combination

CFA® 2025 Level I Curriculum, Volume 2, Module 7.