CHAPTER 8 QUIZ 79

CHAPTER  8  QUIZ 79

The Huck Printing Co. had sales of $10 million, Operating Income of $3 million; Aftertax income of $1 million; assets of $8 million; Stockholders' equity of $5 million; and a total debt of $3 million. What is Huck's asset turnover?
A) .50x
B) 1.25x
C) 2.50x
D) 3.33x

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