Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. top company's 2019 sales revenue was $250,000 and

Top Company's 2019 sales revenue was $250,000 and 2018 sales revenue was $230,000. Top's total...

90.2K

Verified Solution

Question

Accounting

image

Top Company's 2019 sales revenue was $250,000 and 2018 sales revenue was $230,000. Top's total assets as of December 31, 2019 were $140,000 and total assets as of January 1, 2019 were $120,000. What is Top's total asset turnover ratio? Multiple Choice 1.97 179 1.92 1.82

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The 3 bacteria below each has different virulence factors/ mechanisms that allow them to counter the...

Biology
1.2K views

Discuss how the Human and Neanderthal OR1K1 proteins are similar and different including the implications on...

General Management
1.2K views

Outtel manufactures tablet computers. These tablet computers are manufactured in Seattle, Columbus, and New York and...

Physics
1.2K views

MT 2 2 MLT 3 MLT 4 LT Some students find values of C and...

Accounting
1.2K views

Ito Company has provided the following information: Calculate the contribution margin per unit

Accounting
1.2K views

Statement of Cash Flows-Direct Method The comparative balance sheet of Canace Products Inc. for December...

Accounting
1.2K views

Compute the following ratios for PQR Company Limited for years ended December 312020, December 312021...

Accounting
1.2K views

True False For each of the following statements, circle T in the answer column if...

Accounting
1.2K views

What three equal payments, one in 2 years, one in 5 years, and one in...

Accounting
1.2K views

TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for...

Finance
1.2K views

A stock quote indicates a stock price of $60 and a dividend yield of 3%....

Accounting
1.2K views

[The following information applies to the questions displayed below.] Shadee Corporation expects to sell 600...