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Question
during 2012, ronald corporation reported net sales of $2,000,000, net income of $1,200,000, and depreciation expense of $100,000. ronald also reported beginning total assets of $1,000,000, ending total assets of $1,500,000, plant assets of $800,000, and accumulated depreciation of $500,000. ronalds asset turnover ratio is
a.2 times
b.1.6 times
c.1.3 times
d.0.96 times
Answer
This answer is hidden. It contains 1 characters.
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