On January 1 , 2017 Hilldale , Inc . had total assets of $354 ,000 . During the year , the company purchased new machinery worth $86 ,000 and promised to pay the amount due after two
years . Throughout the year, it earned revenue of $59,000 every month . Calculate the asset turnover ratio .
CA. 1.74 times
OB . 1. 81 times
WE 1.57 times
@ D. 1.03 timesFinancial Accounting