Flask Company reports net sales of $2,620 million; cost of goods sold of $2,230 million; net income of $450 million; and average total assets of $2,090 million. Compute its total asset turnover.

Question

05-04-2021
Mathematics

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Flask Company reports net sales of $2,620 million; cost of goods sold of $2,230 million; net income of $450 million; and average total assets of $2,090 million. Compute its total asset turnover.

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