Answer-Calculate Total asset turnover ratio of the company?

Total asset turnover ratio SalesTotal Assets 40,00,000 23,34,000 1.71 Total assets Building Plant Machinery Land Stock Debtors Cash 5,00,0004,50,0006,00,0004,20,0003,40,00024,000 23,34,000

Question

Calculate Total asset turnover ratio of the

company? Read the following information to answer the below questions: Net Sales = 40,00,000 (20 % GP Element) out of which 40% is on credit. Opening Inventories were 60 % of closing inventories. Opening Receivables are 120,000.

A 1.68

B 1.65

C 1.77

D 1.71

Practice Next

More Accounts Questions