Question

Teridan Co. reports net sales of $4,796,000 for 2010 and $8,758,000 for 2011. End-of-year balances for total assets are: 2009, $1,578,000; 2010, $1,824,000; and 2011, $1,946,000.
(a) Compute Teridan’s total asset turnover for 2010 and 2011.
(b) Comment on Teridan’s efficiency in using its assets if its competitors average a total asset turnover of 3.0.


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  • CreatedMarch 18, 2015
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