Question: I need the correct answer to this general accounting problem using the standard accounting approach. Dexter Equipment Co. had: . Net sales of $150,000 .

I need the correct answer to this general accounting problem using the standard accounting approach.

Dexter Equipment Co. had: . Net sales of $150,000 . Total assets of $100,000 . Year-end receivables of $18,000 . Inventory of $27,000 The company uses a 365-day year for calculations. What is Dexter's total asset turnover ratio? a) 1.25 b) 1.50 c) 1.33 d) 1.75 e) 1.85

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