Right Company reported beginning and ending total assets of $36,000 and $30,000, respectively. Its net sales revenue for the year were $26,070. What was Right's asset turnover ratio? OA. 0.87 OB. 1.27 OC. 0.79 OD. 0.72

Right Company reported beginning and ending total assets of $36,000 and $30,000, respectively. Its net sales revenue for the year were $26,070. What was Right's asset turnover ratio? OA. 0.87 OB. 1.27 OC. 0.79 OD. 0.72

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 6MCQ

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Question

Right Company reported beginning and ending total assets of $36,000 and $30,000, respectively. Its net sales
revenue for the year were $26,070. What was Right's asset turnover ratio?
A. 0.87
OB. 1.27
OC. 0.79
OD. 0.72

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