Calculate the total asset turnover ratio

Reference no: EM132137864

Question: The total assets at the beginning of the year for company XYZ was $60,000 and total liabilities of $40,000. During the year the business recorded $100,000 in revenues, $55,000 in expenses, and dividends of $10,000. Calculate the total asset turnover ratio of XYZ.

Reference no: EM132137864

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