Question

Price Printing Co. had sales of $10 million, operating income of $3 million, after-tax income of $1 million, assets of $8 million, stockholders' equity of $5 million, and a total debt of $3 million. What is Price Printing Company's asset turnover?
A..50x
B.1.25x
C.2.50x
D.3.33x
E..80x

Answer

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