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In its 2023 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,226 million, end-of-the-year total assets of $2,774 million, total revenue of $2,500 million, and net income of $148 million.

In its 2023 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,226 million, end-of-the-year total assets of $2,774 million, total revenue of $2,500 million, and net income of $148 million.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In its 2023 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,226 million, end-of-the-year total assets of $2,774 million, total revenue of $2,500 million, and net income of $148 million. (a) Calculate Waterway's asset turnover ratio Round answer to 2 decimal places, e.g. 52.75.) Asset turnover ratio times
Transcribed Image Text:In its 2023 annual report, Waterway Limited reports beginning-of-the-year total assets of $2,226 million, end-of-the-year total assets of $2,774 million, total revenue of $2,500 million, and net income of $148 million. (a) Calculate Waterway's asset turnover ratio Round answer to 2 decimal places, e.g. 52.75.) Asset turnover ratio times
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