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rado202 rado202
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A year ago
Bonner Corp.’s sales last year were $530,000, and its year-end total assets were $403,000. The average firm in the industry has a total assets turnover ratio (TATO) of 3.1. Bonner’s new CFO believes the firm 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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$221,420



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$232,032



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$245,330



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$260,080

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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brendasantsbrendasants
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A year ago
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rado202 Author
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A year ago
Helped a lot
Fleury
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Yesterday
Brilliant ツ
lolaww
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2 hours ago
Smart ... Thanks!
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