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24 February, 09:01

Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000. The ratio of sales to total assets is (round answer to two decimal places)

a. 0.40

b. 2.92

c. 0.34

d. 2.69

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Answers (1)
  1. 24 February, 09:19
    0
    Sales to asset ratio = 0.4

    Explanation:

    Giving the following information:

    Bradford Company had sales of $700,000 for the year. The total assets at the beginning of the year were $240,000, and the total assets at the end of the year were $280,000.

    Sales to asset ratio = sales / total assets

    Sales to asset ratio = 280,000/700,000 = 0.4
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