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Brightmore Industries' sales last year were $85,000, and its total assets were $28,000. What was its total assets turnover ratio (TATO)? a) 3.04 b) 1.21 c) 2.85 d) 3.53 e) 1.95

Brightmore Industries' sales last year were $85,000, and its total assets were $28,000. What was its total assets turnover ratio (TATO)? a) 3.04 b) 1.21 c) 2.85 d) 3.53 e) 1.95

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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What was it's total assets turnover ratio on these general accounting question?

Brightmore Industries' sales last year were $85,000, and its total assets were $28,000. What was its total assets turnover ratio (TATO)? a) 3.04 b) 1.21 c) 2.85 d) 3.53 e) 1.95
Transcribed Image Text:Brightmore Industries' sales last year were $85,000, and its total assets were $28,000. What was its total assets turnover ratio (TATO)? a) 3.04 b) 1.21 c) 2.85 d) 3.53 e) 1.95
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