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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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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu

Colin Sampaleanu

Learning Outcome Statements

analyze and interpret financial statement disclosures regarding property, plant, and equipment and intangible assets

CFA® 2025 Level I Curriculum, Volume 2, Module 7.