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23 October, 02:13

Whitt's bbq has sales of $1,318,000, a profit margin of 7.4 percent, and a capital intensity ratio of. 78. what is the total asset turnover rate

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  1. 23 October, 02:27
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    Based on the given figures above, the total asset turnover rate is 1.28. To get the 1.28, you need to use the below formula:

    Total asset turnover = 1 / capital intensity ratio

    The capital intensity ratio given is 0.78

    Therefore you calculation should be:

    Total asset turnover = 1 /.78

    Total asset turnover = 1.28
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