Bountiful company had sales of $650,000 and cost of merchandise sold of $200,000 during the year. the total assets balance at the beginning of the year was $175,000 and at the end of the year was $167,000. calculate the ratio of sales to total assets.

Ratio = 3.801

Step-by-step explanation:

Given that the total assets balance at the beginning of the year was $175,000 and at the end of the year was $167,000.

Average assets for the year =

Sales for the year = 650000 dollars

To calculate the ratio of sales to total assets:

Required ratio =

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