Answer:
$6
Explanation:
The asset turnover ratio is calculated by dividing the net sales by average total assets. So you do this:
Average Assets
5000 + 5000 +10000 = 20000 ↷
20000⁄3 = 6666⅔ [In money, approximately $6666,67]
Net sales\AVERAGE total assets
40000⁄6666⅔ = 6
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