Freedom corporation reported beginning and ending total assets of $ 36 comma 000 and $ 32 comma 000, respectively. its net sales for the year were $ 32 comma 300. what was freedom's asset turnover ratio? a. 0.95 b. 1.05 c. 0.90 d. 1.01

asset turnover ratio = 0.95

so correct option is  A. 0.95

Explanation:

given data

beginning total assets = $36000

ending total assets =  $32000

net sales = $32300

to find out

Freedom's asset turnover ratio

solution

we find here  Asset turnover ratio that is express as

asset turnover ratio = Net sales ÷ average assets     ................1

here Average asset is

average asset =

average asset =

average asset = $34000

so put here value in equation 1

asset turnover ratio =

asset turnover ratio = 0.95

so correct option is  A. 0.95

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"