Efficiently the company total assets

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The financial manager of a company needs to measure how efficiently the company's total assets are being used to generate sales. From the information given below, calculate the relevant ratio he needs for this purpose.

Cash

$220,000

Accounts receivable

1,800,000

Inventory

950,000

Plant and equipment

1,330,000

Sales

10,000,000

  • Assets turnover ratio of 0.3
  • Assets turnover ratio of 2.3
  • Debt to assets ratio of 3.4
  • Debt to assets ratio of 0.4

Reference no: EM131411836

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