Tianzi Coffee reported net sales of HK($1,800,000,) net income of HK($540,000,) beginning total assets of HK($2,000,000,) and
Question:
Tianzi Coffee reported net sales of HK\($1,800,000,\) net income of HK\($540,000,\) beginning total assets of HK\($2,000,000,\) and ending total assets of HK\($3,000,000.\) What was the company’s asset turnover?
a. 0.90.
b. 0.20.
c. 0.72.
d. 1.39.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
To calculate the asset turnover you need to divide the net sales by the average total assets First f...View the full answer
Answered By
Mehwish Aziz
What I have learnt in my 8 years experience of tutoring is that you really need to have a friendly relationship with your students so they can come to you with their queries without any hesitation. I am quite hardworking and I have strong work ethics. Since I had never been one of those who always top in the class and always get A* no matter what, I can understand the fear of failure and can relate with my students at so many levels. I had always been one of those who had to work really hard to get decent grades. I am forever grateful to some of the amazing teachers that I have had who made learning one, and owing to whom I was able to get some extraordinary grades and get into one of the most prestigious universities of the country. Inspired by those same teachers, I am to be like one of them - who never gives up on her students and always believe in them!
3+ Reviews
10+ Question Solved
Related Book For 
Financial Accounting With International Financial Reporting Standards
ISBN: 9781119787051
5th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Question Posted:
