For 2024, Green Valley Manufacturing reported beginning total assets of $840,000 and ending total assets of $960,000. Its net income for this period was $95,000, and its net sales were $1,260,000. Compute the company's asset turnover for 2024.
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- During 2020, Riverbed Corporation reported net sales of $5,542,800 and net income of $1,560,000. Its balance sheet reported average total assets of $1,490,000. Calculate the asset turnover. (Round answer to 2 decimal places, e.g. 1.25.) Asset turnover timesCalculate the company's turnover ratio.? Accounting questionCompute
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- What was the net sales for the year 2022?Please Provide answer with correct optionQueensLand Ltd. had the following operating results for 2021: sales = $20,200; cost of goods sold = $8,200; depreciation expense = $1,200; interest expense = $1,400; dividends paid = $600. At the beginning of the year, net fixed assets were $9,100, current assets were $3,200, and current liabilities were $1,800. At the end of the year, net fixed assets were $9,700, current assets were $3,850, and current liabilities were $2,100. The tax rate for 2021 was 34%. What was the OCF for the year 2021? a. $9,600 b. $7,604 c. $6,204 d. $8,804