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Question: Sifton Company reported the following data: 2014 2015 Sales $3,000,000 $3,900,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Sifton's asset turnover for 2015? a. 1.56 b. 1.61 c. 1.81 d. 2.17

Question: Sifton Company reported the following data: 2014 2015 Sales $3,000,000 $3,900,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Sifton's asset turnover for 2015? a. 1.56 b. 1.61 c. 1.81 d. 2.17

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 81.3C: Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear Refer to the 10-K reports of...
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Question: Sifton Company reported the following data: 2014 2015 Sales $3,000,000 $3,900,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Sifton's asset turnover for 2015? a. 1.56 b. 1.61 c. 1.81 d. 2.17
Transcribed Image Text:Question: Sifton Company reported the following data: 2014 2015 Sales $3,000,000 $3,900,000 Net Income 300,000 400,000 Assets at year end 1,800,000 2,500,000 Liabilities at year end 1,100,000 1,500,000 What is Sifton's asset turnover for 2015? a. 1.56 b. 1.61 c. 1.81 d. 2.17
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