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rbowen87 rbowen87
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10 months ago
Deflorio Corporation’s inventory at the end of Year 2 was $163,000 and its inventory at the end of Year 1 was $149,000. The company’s total assets at the end of Year 2 were $1,461,000 and its total assets at the end of Year 1 were $1,412,000. Sales amounted to $1,420,000 in Year 2.The company’s total asset turnover for Year 2 is closest to:

▸ 0.99

▸ 1.01

▸ 9.21

▸ 9.10
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
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gronk44gronk44
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