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Ryngard corp's sales last year were $28,000, and its total assets were $16,000. what was its total assets turnover ratio (tato?

Ryngard corp's sales last year were $28,000, and its total assets were $16,000. what was its total assets turnover ratio (tato?
asked 127k views
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Ryngard corp's sales last year were $28,000, and its total assets were $16,000. what was its total assets turnover ratio (tato?

asked
User Blalond
by
8.8k points

1 Answer

6 votes
Hi there

Total assets turnover=sales÷total assets

So total assets turnover is
28,000÷16,000
=1.75

Hope it helps
answered
User Jordan Ell
by
8.4k points
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