The following information is provided for Sunland Company and Culver Corporation. (in $ millions) Sunland Company Culver Corporation Net income 2022 $155 $405 Net sales 2022 1595 4530 Total assets 12/31/20 1040 2130 Total assets 12/31/21 1260 3020 Total assets 12/31/22 1165 4100 What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.) 0.68 times 1.32 times 0.25 times 3.94 times
The following information is provided for Sunland Company and Culver Corporation. (in $ millions) Sunland Company Culver Corporation Net income 2022 $155 $405 Net sales 2022 1595 4530 Total assets 12/31/20 1040 2130 Total assets 12/31/21 1260 3020 Total assets 12/31/22 1165 4100 What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.) 0.68 times 1.32 times 0.25 times 3.94 times
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter12: Intangibles
Section: Chapter Questions
Problem 10MC
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The following information is provided for Sunland Company and Culver Corporation.
(in $ millions) |
Sunland Company |
Culver Corporation |
|||
---|---|---|---|---|---|
Net income 2022 |
$155 |
$405 |
|||
Net sales 2022 |
1595 |
4530 |
|||
Total assets 12/31/20 |
1040 |
2130 |
|||
Total assets 12/31/21 |
1260 |
3020 |
|||
Total assets 12/31/22 |
1165 |
4100 |
What is Sunland's asset turnover for 2022? (Round answer to 2 decimal places, e.g. 15.20.)
0.68 times
1.32 times
0.25 times
3.94 times
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