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Homework answers / question archive / Presented below are selected ratio for Sun Electronic Corporation for the period 2019 Financial Ratios 2019 Current Ratio 3

Presented below are selected ratio for Sun Electronic Corporation for the period 2019 Financial Ratios 2019 Current Ratio 3

Accounting

Presented below are selected ratio for Sun Electronic Corporation for the period 2019 Financial Ratios 2019 Current Ratio 3.7 Acid-test Ratio 0.98 Cash ratio 0.50 Inventory turnover 2.8 Accounts Receivables Turnover 4.50 Debt ratio 40% Debt to Equity ratio 15% Return on total assets 8% Net profit margin 7.895 Dividend pay out 13% Price earnings ratio 16,6 Compute total assets turnover for the years 2019 0.4624 © 1.02 0.00624 19

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Total Assets turnover = Net sales/Total assets

OR

Return on Assets = Net Profit Margin × Total Asset Turnover

Total assets turnover = Return on total assets/Net profit Margin

Total assets turnover = 8%/7.8%

Total assets turnover = 1.02564102564

The correct answer is 1.02

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