Janelle101
New member
- Joined
- Jul 9, 2009
- Messages
- 5
Please how do i calculate this problem; During 2007, Sitter Corporation reported net sales of $2,000,000, net income of $1,200,000, and depreciation expense of $100,000. Sitter also reported beginning total asset of $1,000,000, ending total assets of $1,500,000 plant assets of $800,000, and accumulated depreciation of $500,000. Sitter’s assets turn over ratio is:
Thank you in advance.
Thank you in advance.