Respuesta :
Asset Turnover Ratio = Net Sales / Average Total Assets
=$341,600/ $280,000
=28%
The ratio of a company's sales or revenues to the value of its assets is known as the asset turnover ratio.
It serves as a gauge of how well a business uses its resources to generate money. As a result, asset turnover ratio can be used to gauge a business' performance. The performance of the company improves as the ratio rises. The asset turnover ratio might vary from one organization to another.
A low asset turnover ratio typically denotes issues with excess manufacturing capacity, subpar inventory management, and subpar tax collection methods. It is typically calculated annually for a certain financial year. The ratio of assets to total assets is typically higher in low-margin businesses.
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