What is the total asset turnover rate


Problem:

Whitt's BBQ has sales of $348,000, a profit margin of 8.1 percent, and a capital intensity ratio of 0.70. What is the total asset turnover rate?

  • 1.04
  • 1.13
  • 1.29
  • 1.08
  • 1.43

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Finance Basics: What is the total asset turnover rate
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