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Home Q & A Board Other Fields Homework Help Business Accounting
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LiChan LiChan
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7 years ago
The following information is provided for Candy, Inc.:
   Income from operations   $ 98,600
   Income taxes   37,700
   Interest expense   2,000
   Net sales   1,264,000
   Stockholders' equity   242,500
   Total assets    456,000
What is the total asset turnover?
A) 2.77 times
B)   .36 times
C)   .22 times
D) 1.88 times
Textbook 
Survey of Accounting: Making Sense of Business

Survey of Accounting: Making Sense of Business


Edition: 1st
Author:
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mourningbirdmourningbird
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7 years ago
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LiChan Author
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#2
7 years ago
How do you know this stuff so well, wish I was as smart
wrote...
#3
7 years ago
Slight Smile
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