What is the total asset turnover for firm

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Consider the following balance sheet for Go The Distance Trading Cards. Sales were $1,116,627.00 in the past year.

Go The Distance Trading Cards Balance Sheet, 2020:

Account

Amount

Assets:

 

Current Assets

$75,000

Net fixed Assets (Net PPE)

$225,000

TOTAL ASSETS

$300,000

Liabilities and Shareholder Equity

 

Current Liabilities

$50,000

Long-term liabilities (Long term debt)

$100,000

TOTAL LIABILITIES

$150,000

Shareholder equity

$150,000

TOTAL LIABILITIES AND EQUITY

$300,000

What is the total asset turnover for this firm?

Reference no: EM133115365

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