CFA Practice Question

There are 534 practice questions for this study session.

CFA Practice Question

Given the following data: Sales = 2000; Cost of goods sold = 1500; Average total assets = 1600; Average inventory = 100, calculate the asset turnover ratio.

A. 1.25
B. 0.9375
C. 1.33
Correct Answer: A

User Contributed Comments 1

User Comment
danlan It's Sales/Average Total Assets=2000/1600=1.25
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