During 2022, Swifty Corporation reported sales revenue of $5,117,840, sales returns of $211.000 and net income of $1,616,844 Swifty's capital structure at the beginning and end of the year was: Liabilities Stockholders' equity 1/1/22 12/31/22 $1,511,000 $1,661,000 2,361,000 2.511,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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(a) Calculate the asset tumover ratio,  Asset tumover ratio________

1) eTextbook

2) and Media List of Accounts

During 2022, Swifty Corporation reported sales revenue of $5,117,840, sales returns of $211.000 and net income of $1,616,844.
Swifty's capital structure at the beginning and end of the year was:
Liabilities
Stockholders' equity
1/1/22
$1.511,000
2,361,000
12/31/22
$1,661,000
2.511,000
Transcribed Image Text:During 2022, Swifty Corporation reported sales revenue of $5,117,840, sales returns of $211.000 and net income of $1,616,844. Swifty's capital structure at the beginning and end of the year was: Liabilities Stockholders' equity 1/1/22 $1.511,000 2,361,000 12/31/22 $1,661,000 2.511,000
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