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Selected current year company information follows: Net income Net sales............ $ 15,953 712,855 Total liabilities, beginning-year ....... 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year.. 198,935 stockholders' equity, end-of-year.......... Total 121,851 The total asset turnover is: A. 2.24 times B. 2.81 times C. 3.64 times D. 4.67 times E. 6.28 times

Selected current year company information follows: Net income Net sales............ $ 15,953 712,855 Total liabilities, beginning-year ....... 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year.. 198,935 stockholders' equity, end-of-year.......... Total 121,851 The total asset turnover is: A. 2.24 times B. 2.81 times C. 3.64 times D. 4.67 times E. 6.28 times

College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 3SEB
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Selected current year company information follows: Net income Net sales............ $ 15,953 712,855 Total liabilities, beginning-year ....... 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year.. 198,935 stockholders' equity, end-of-year.......... Total 121,851 The total asset turnover is: A. 2.24 times B. 2.81 times C. 3.64 times D. 4.67 times E. 6.28 times
Transcribed Image Text:Selected current year company information follows: Net income Net sales............ $ 15,953 712,855 Total liabilities, beginning-year ....... 83,932 Total liabilities, end-of-year 103,201 Total stockholders' equity, beginning-year.. 198,935 stockholders' equity, end-of-year.......... Total 121,851 The total asset turnover is: A. 2.24 times B. 2.81 times C. 3.64 times D. 4.67 times E. 6.28 times
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