The company's total asset turnover equals to 1.07. The company was the mention of the amount of the Assets and the sales.
What is company?
The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
Determine the Total asset turnover:
Average total assets = $917,000.
Gross sales = $1,091,000.
Net sales = $980,000.
Total asset turnover = ?
Total Asset Turnover = Net Sales/Average Total Assets
Total Asset Turnover = $980,000/$917,000
Total Asset Turnover = 1.07
The company's total asset turnover is 1.07.
As a result, the company's total asset turnover equals to the 1.07
Learn more about the company, here:
https://brainly.com/question/27238641
#SPJ1
