Question

g Arshadi Corp.'s sales last year were $27,000, and its total assets were $22,000. What was its total assets turnover ratio (TATO)

Answer 1

Answer:

0.81

Explanation:

Total assets ratio is computed as

= Total assets / Total sales

Given that;

Total assets = $22,000

Total sales = $27,000

Total assets ratio

= $22,000 / $27,000

= 0.81