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Mountain Peak Industries had sales of $1,450,000, net operating income of $130,000, and operating assets of $250,000 at the beginning of the year and $270,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?

Mountain Peak Industries had sales of $1,450,000, net operating income of $130,000, and operating assets of $250,000 at the beginning of the year and $270,000 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 6EA: During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of...
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Mountain Peak Industries had sales of $1,450,000, net operating income of $130,000, and operating assets of $250,000 at the beginning of the year and $270,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?
Transcribed Image Text:Mountain Peak Industries had sales of $1,450,000, net operating income of $130,000, and operating assets of $250,000 at the beginning of the year and $270,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?
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