A company had net sales of $228,000 for Year 1 and $288,000 for Year 2. The company's average total assets for Year 1 were $150,000 and $180,000 for Year 2. Calculate the total asset turnover for each year and comment on the company's efficiency in the use of its assets.

Answer rating: 100% (QA)

To calculate the total asset turnover for each year you can use the formula Total Asse... View the full answer