A company reports the following: Net sales $4,400,000 Average total assets 2,000,000

A company reports the following:

Net sales $4,400,000
Average total assets 2,000,000

Determine the ratio of net sales to assets.

Answer:

Ratio of Net Sales to Assets   =  Net Sales ÷ Average Total Assets Ratio of Net Sales to Assets   =  $4,400,000 ÷ $2,000,000 

A company reports the following:

Net sales $1,800,000
Average total assets 1,125,000

Determine the ratio of net sales to assets.

Answer:






Ratio of Net Sales to Assets   =  Net Sales ÷ Average Total Assets
Ratio of Net Sales to Assets   =  $1,800,000 ÷ $1,125,000
Ratio of Net Sales to Assets   =  1.6