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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
On January 1, 2017 Hillop, Inc. had total assets of $369,000. During the year, the company purchased new machinery worth $90,000 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.
A) 1.54 times
B) 1.80 times
C) 1.04 times
D) 1.71 times
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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.unplugged..unplugged.
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
4 years ago
COMO SE LLAMA
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#4
3 years ago
Thanks
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