1 answer

Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for...

Question:

Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for total assets are 2015. $1,55
Lok Co reports net sales of $4,415,000 for 2016 and $8,209,000 for 2017 End-of-year balances for total assets are 2015. $1,557,000; 2016, $1,766,000and 2017. $1.924,000 points Skoped (a) Compute Lok's total asset turnover for 2016 and 2017 •Book Total Asset Turnover Choose Choose Numerator: Denominator: Total Asset Turnove References 2017

Answers

Total Asset turnover
Sales / Average Total Assets = Total Assets Turnover
2016 4415000 / (1557000+1766000)/2 =                                              2.66
2017 8209000 / (1766000+1924000)/2 =                                              4.45
.

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