a. If a firms assets of $10,000 represent 200 days sales, what is its annual sales? b.

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a. If a firm’s assets of $10,000 represent 200 days’ sales, what is its annual sales?

b. What is its asset turnover ratio?

Asset Turnover
Asset turnover is sales divided by total assets. Important for comparison over time and to other companies of the same industry. This is a standard business ratio.

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Principles of Corporate Finance

ISBN: 978-1260013900

13th edition

Authors: Richard Brealey, Stewart Myers, Franklin Allen

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Question Posted: Sep 27, 2019 12:49 PM

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a. If a firms assets of $10,000 represent 200 days sales, what is its annual sales? b.

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a b Days in sales ...View the full answer

Principles of Corporate Finance

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