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A company has an asset turnover ratio of 2.2, total assets of $4 Billion, total liabilities of $1.5 Billion, and shareholders’ equity of $2.5 Billion. What is this company’s revenue?     $1.8 Billion     $8.8 Billion     $900 Million     $5 Billion

A company has an asset turnover ratio of 2.2, total assets of $4 Billion, total liabilities of $1.5 Billion, and shareholders’ equity of $2.5 Billion. What is this company’s revenue?     $1.8 Billion     $8.8 Billion     $900 Million     $5 Billion

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A company has an asset turnover ratio of 2.2, total assets of $4 Billion, total liabilities of $1.5 Billion, and shareholders’ equity of $2.5 Billion. What is this company’s revenue?
   
$1.8 Billion
   
$8.8 Billion
   
$900 Million
   
$5 Billion

 

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