Author Question: What is a firm's total asset turnover if its fixed assets are $120,000, current assets are $30,000, ... (Read 47 times)

B · **on:** Apr 25, 2021

Question 1

What is a firm's debt ratio if its total assets are $135,000, equity is $75,000, current liabilities are $24,000, and total liabilities are $105,000?
◦ 140%
◦ 110%
◦ 50%
◦ 60%
◦ 78%

Question 2

What is a firm's total asset turnover if its fixed assets are $120,000, current assets are $30,000, current liabilities are $44,000, sales were $200,000, and net income was $75,000?
◦ 0.5 times
◦ 2.2 times
◦ 1.3 times
◦ 2.0 times
◦ 1.7 times

nikmaaacs · **Reply #1 on:** Apr 25, 2021

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