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What the asset turnover ratio of maggins inc is

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Reference no: EM132674376

Maggins Inc. gives you the following information pertaining to the year 2020:

Net sales$880,000

Cost of goods sold550,000

Current assets525,000

Current liabilities262,500

Average total assets950,000

Total liabilities577,500

Net income165,000

Problem 1: The asset turnover ratio of Maggins Inc. is

1- 0.56.

2- 0.17.

3- 0.93.

4- 1.08.

Reference no: EM132674376

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