PQR Corp. had $35,000,000 in revenues (sales), $12,600,000 in Costs of Goods Sold (COGS). $4,900,000 in...

Transcribed Image Text:

PQR Corp. had $35,000,000 in revenues (sales), $12,600,000 in Costs of Goods Sold (COGS). $4,900,000 in SG&A expenses, $4,600,000 in depreciation expenses, $3,400,000 in interest expenses, and $2,200,000 in tax expenses. The firm also had $36,200,000 in total assets and $14,200,000 in total liabilities during the same fiscal year. What was the firm's Total Assets Turnover? PQR Corp. had $35,000,000 in revenues (sales), $12,600,000 in Costs of Goods Sold (COGS). $4,900,000 in SG&A expenses, $4,600,000 in depreciation expenses, $3,400,000 in interest expenses, and $2,200,000 in tax expenses. The firm also had $36,200,000 in total assets and $14,200,000 in total liabilities during the same fiscal year. What was the firm's Total Assets Turnover?

Answer rating: 100% (QA)

The Total Assets Turnover ratio is calculated by dividing ... View the full answer