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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.
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 |
Thanks again for your wonderful site ... it definitely made the difference.
Craig Baugh
Learning Outcome Statements
analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets
CFA® 2026 Level I Curriculum, Volume 2, Module 7.