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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 3.7 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
Expert Solution
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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