vonngotti9959 vonngotti9959

10-07-2020
Business

contestada

g Ryngard Corp's sales last year were $24,000, and its total assets were $16,000. What was its total assets turnover ratio (TATO).

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sqdancefan sqdancefan

21-07-2020

Answer:

1.50

Explanation:

TATO = (net sales)/(total assets)

= (24000/16000) = 1.50

The total asset turnover ratio (TATO) for Ryngard Corp was 1.50 last year.

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