Menu
support@businesspapershelp.com
+1(805) 568 7317

question snap dragon photo reported the following figures on its december31 2016 inc 4290917

Question

Snap Dragon Photo reported the following figures on its December31, 2016, income statement and balance sheet:

Net Sales

$440,000

 

 

Dec. 31, 2016

Dec. 31, 2015

Cash

$26,000

$28,000

Accounts Receivable

56,000

58,000

Merchandise Inventory

   79,000

   76,000

Prepaid Expenses

     8,000

   14,000

Property, plant and equipment, net

180,000

   11,000

Compute the asset turnover ratio for 2016.

"Order a similar paper and get 15% discount on your first order with us
Use the following coupon
"GET15"

Order Now