Below is some information from the financial records of Cleereen Co.:
|
Accounts payable |
$ 18,000 |
|
Accounts receivable |
20,000 |
|
Bank overdraft |
5,500 |
|
Inventory |
45,000 |
|
Property, plant, and equipment |
150,000 |
|
Sales |
236,500 |
(Asset Turnover) Cleereen”s asset turnover is
- 90.9%
- 110.0%
- 157.3%
- 121.3%