23) e-Bay Inc. provides the following data: 2014 Assets Current Assets: Cash and Cash Equivalents...
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23) e-Bay Inc. provides the following data: 2014 Assets Current Assets: Cash and Cash Equivalents Accounts Receivable, Net Merchandise Inventory Total Current Assets $29,000$25,000 62,000 50,000 137.000 120,000 257,000 31,000 $113,000 120,000 $233,000 Net Total Assets Net sales Cost of Goods Sold Gross profit $500,000 $350,000 Calculate the asset turnover for the year 2015. A) 1.22 times B) 2.04 times C) 7.27 times D) 1.55 times
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