Flask Company reports net sales of $2,190 million; cost of goods sold of $2,060 million; net income of $410 million; and average total assets of $1,960 million. Compute its total asset turnover.

1.12

Explanation:

Flask company has a net sales of $2,190 million

The cost of goods sold is $2,060 million

Net income is $410 million

Average total assets is $1,960

Therefore it's total assets turnover can be calculated as follows

= sales/Total assets turnover

= $2,190 million/$1,960 million

= 1.12

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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c.

clarify customers’ doubts only when asked.