Smith Branded Apparel designs t-shirts for businesses and corporations. The accounting manager has presented the latest quarters

Question:

Smith Branded Apparel designs t-shirts for businesses and corporations. The accounting manager has presented the latest quarter’s return on sales of 10 percent and of 1.5. What is the company’s current return on investment (ROI)?

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.