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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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Your review questions and global ranking system were so helpful.
Lina

Lina

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.