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Basic Question 0 of 7
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 was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt
Learning Outcome Statements
describe a spectrum for assessing financial reporting quality
explain the difference between conservative and aggressive accounting
CFA® 2025 Level I Curriculum, Volume 3, Module 10.