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Last year, Crimson Apparel had sales of $915,200, net operating income of $98,500, and operating assets of $95,000 at the beginning of the year and $101,500 at the end of the year. What was the company's turnover, rounded to the nearest tenth?

Last year, Crimson Apparel had sales of $915,200, net operating income of $98,500, and operating assets of $95,000 at the beginning of the year and $101,500 at the end of the year. What was the company's turnover, rounded to the nearest tenth?

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter12: Balanced Scorecard And Other Performance Measures
Section: Chapter Questions
Problem 6EB: During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of...
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What was the company's turnover rounded to the nearest tenth of this accounting question?

Last year, Crimson Apparel had sales of $915,200, net operating income of $98,500, and operating assets of $95,000 at the beginning of the year and $101,500 at the end of the year. What was the company's turnover, rounded to the nearest tenth?
Transcribed Image Text:Last year, Crimson Apparel had sales of $915,200, net operating income of $98,500, and operating assets of $95,000 at the beginning of the year and $101,500 at the end of the year. What was the company's turnover, rounded to the nearest tenth?
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