Adele corps sales last year were 315000 and its year-end


Adele Corp's sales last year were $315,000, and its year-end total assets were $355,000. The average firm in the industry has a total assets turnover ratio (TATO) of 2.4. The firm's new CFO believes the firms has excess assets that can be sold so as to bring the TATO down to the industry average without affecting sales. By how much must the assets be reduced to bring the TATO to the industry average, holding sales constant?

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Financial Management: Adele corps sales last year were 315000 and its year-end
Reference No:- TGS01361376

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